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Welcome back to another exciting episode of the Raising Private Money podcast! Today, we're diving into the world of real estate investing with a focus on how to succeed by raising private money. Our special guest, Tim Benskin, joins us to share his incredible journey from traditional bank financing struggles to becoming a successful real estate investor who has raised over $500,000 in private money, with another $200,000 on the horizon. In this episode, you'll hear how Tim, a retired member of the US Marine Corps and the Wisconsin Army National Guard, funds his real estate deals without using his own money. He credits his success to networking, hosting luncheons, and the invaluable guidance of his mentors. Tim will walk us through some of his most successful deals, including one where he turned a $110,000 purchase into an impressive $50,000 profit after minimal renovations. Tim also offers golden nuggets of advice for new real estate investors, emphasizing the importance of attending live events and learning about private lending and self-directed IRAs. He even shares details about his private lending program, which offers attractive interest rates and secure investments that benefit the community. Whether you're a seasoned investor or just starting, this episode is packed with insights and strategies that can help you achieve your real estate goals. Stay tuned to learn how Tim Benskin has mastered the art of raising private money and how you can too!
Timestamps 00:01 - Raising Private Money Without Asking For It 06:06 - Investment program aids retirees and private lenders. 08:26 - Successful start attributed to invaluable mentorship and confidence. 12:15 - Conducts informative luncheons on investment strategies. 15:55 - Private lenders are long-time acquaintances from the warm market. 18:39 - Private lender receives bank-level protection for loans. 22:33 - "Calculating a gross profit of $50,000." 24:38 - Transitioning from the army to focus on raising private money. 29:43 - Over 700 episodes in 6 years; subscribe. 30:15 - Jay Conner’s Free Money Guide - https://www.JayConner.com/MoneyGuide
Have you read Jay’s new book: Where to Get The Money Now?
It is available FREE (all you pay is the shipping and handling) at
https://www.JayConner.com/Book
What is Private Money? Real Estate Investing with Jay Conner
https://www.JayConner.com/MoneyPodcast
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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