In the latest episode of the Raising Private Money Podcast, host Jay Conner sits down with real estate maven Dwan Bent Twyford to delve into the intricacies of raising private money in a volatile market. Dwan, a single mother turned real estate powerhouse, brings her wealth of experience, having raised over $1 million in private funds, written best-selling books, and completed upwards of 2,000 real estate deals.
Private vs. Hard Money: A Lender’s Perspective
Understanding the distinction between hard money and private money is crucial for real estate investors. During the episode, Dwan elucidates the benefits of private money, emphasizing its flexible terms and longer duration in comparison to hard money loans. This segment serves as a primer on why private money often trumps hard money, especially when considering the sometimes predatory nature of hard money lending practices.
Digital Outreach and the Power of Presence
An essential aspect of Dwan’s success lies in her online engagement. She discusses maintaining a robust presence across diverse platforms, from Facebook to TikTok, directing listeners to her all-encompassing resource, www.dwanderful.com. Her advice is clear: leverage digital tools to extend your influence and accessibility in the real estate realm.
The Town Revitalization Blueprint
Dwan’s transformative work extends beyond individual properties to revitalizing entire towns. She recounts the metamorphosis of a once-flourishing town impacted by industrial decline. By acquiring emptied buildings and collaborating with local stakeholders, she and her partner sparked a resurgence of community events and businesses, thereby enhancing property values. This practical case study exemplifies how strategic real estate investment can alter the landscape of a town.
Mentorship: The Key to Investor Growth
Aspiring real estate investors glean invaluable wisdom from Twyford’s emphasis on mentorship. Having a seasoned guide can safeguard novices from pitfalls and accelerate their growth. In an industry where experience speaks volumes, Dwan advocates for finding a mentor to learn the ropes effectively.
Opportunity Amidst Market Uncertainty
Dwan breaks down how even in less-than-ideal market conditions, opportunities for profit remain, particularly when dealing with distressed properties like foreclosures. There’s never a shortage of deals for investors diligent enough to seek them out, and with more money circulating post-COVID, access to funds is less of a barrier to entry than one might assume.
The Advantage of Becoming a Private Lender
The conversation with Dwan also highlights the attractiveness of becoming a private lender in the real estate market. With potential returns that outpace conventional investment options, savvy individuals are moving their funds into the space. This section reveals just how lucrative stepping into the role of a lender can be, especially when compared to parking money in traditional retirement accounts.
Twyford’s Real Estate Journey and Vision
Exploring Twyford’s venture from rehabbing houses to owning rental properties, listeners gain perspective on her progression in the industry. Furthermore, her ambition shines through in her endeavors to refurbish historical buildings for new commercial usage, adding a layer of community revitalization to her investment activities.
Conclusion: Inviting Change, Inviting Success
Dwan’s story is a testament to the transformative power of real estate investment, both financially and communally. By placing “people before profits,” she has carved out a legacy that benefits not only her bottom line but the lives of those touched by her work. This podcast offers a profound insight into private money’s role in today’s uncertain market and the boundless potential it holds for determined investors.
The Importance of Mentorship:
“If I had had a mentor or someone to guide me in the beginning, my learning curve would have been shorter.” – Dwan Bent-Twyford
10 Questions Covered in this Episode:
- Can you share the most significant challenges you faced when transitioning from using hard money lenders to raising over $1,000,000 in private money?
- Dwan Bent Twyford mentioned the motto, “People before profits.” How has this philosophy impacted your approach to real estate and the success of your deals?
- Dwan has a remarkable story, starting as a broke single mom and rising to real estate success. How do you think her personal journey has influenced her business strategies and interactions with investors and the community?
- With the restoration of an entire town, what are the key strategies that Dwan and her family are using to revitalize the local economy while also ensuring a return on their investment?
- How does the current uncertain market affect strategies for short sales, and what opportunities do you see for investors who are looking to enter this space?
- Dwan Bent Twyford has closed over 2,000 real estate deals. Can you provide insights into the common factors that have contributed to the high success rate of these deals?
- The contrast between hard money and private money was discussed in the episode. Could you elaborate more on how private money loans can be structured to be mutually beneficial to both the lender and the borrower?
- Reflecting on the restoration of an entire town that Dwan Bent Twyford is involved in, what are some unique considerations that investors should take into account when working on projects of this scale?
- Dwan talked about the importance of mentoring new real estate investors. Why do you think mentorship is so critical in this industry, and what benefits do you think a new investor can expect from a good mentor?
- With the discussion on the importance of social media presence in today’s real estate market, how do you believe online platforms can be leveraged effectively to attract private money for future real estate deals?
Here are three fun facts that were revealed in the episode:
- Dwan Bent Twyford and her family are restoring an entire town, revitalizing its downtown with increased activities and property values.
- They turned the town around by following the Hallmark calendar for street events, effectively creating a bustling community atmosphere.
- Dwan and her partner Bill acquired 15 buildings and influenced 28 others to control the vote for downtown’s revitalization plans, leading to the town’s significant transformation.
Timestamps
00:01 – Success in raising private money for real estate.
04:15 – Started as a rehabber, used hard money.
09:59 – Having a mentor speeds up the learning process.
12:35 – New investors quit after one or two deals.
16:09 – Choose a lane, access private money, and navigate challenges.
18:17 – CDs yield 2%, but private money reaches 8%.
22:48 – Lumber barons built a town, now struggling economically.
24:56 – Buying and financing multiple buildings without down payments.
29:45 – Connect With Dwan Bent Twyford: https://www.Dwanderful.com
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