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Jay Conner: And I bought that house, um, subject to the existing note actually with 175, 000 purchase price. And then I use private money to rehab it. It was about 30, 000 in rehab. So I had all in about 205, 000 purchase and rehab. I turned right around, put it in the multiple listing service and sold it, and cashed out for 325, 000. Well, I would have missed out on that deal if I hadn't had the private money for the rehab. If I didn't know how to find these foreclosures, my third pillar is what I call closing the deal You see the beautiful thing about private money is we get to make the rules We set the interest rate you set the interest rate you set, you know How the frequency of the payments are and the schedule of the payments well
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What is Private Money? Real Estate Investing with Jay Conner
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Jay Conner is a proven real estate investment leader. He maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal without using his own money or credit.
What is Real Estate Investing? Live Private Money Academy Conference
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