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b'Discover how to break free from traditional bank financing and tap into the world of private money. Unlock the keys to financial freedom and gain a deep understanding of interest rates and loan-to-value ratios with private lenders. Explore the secrets of succeeding in niche markets, avoiding head-to-head competition with institutional buyers and uncover winning marketing strategies that can help you find off-market opportunities and grow your real estate portfolio. Tune in for essential knowledge to help you secure your financial future through private money and real estate investments!\\n\\nKey Takeaways:\\n\\n\\nBenefits of Private Money: Jay emphasizes that private money allows real estate investors to secure funding without relying on banks. This offers more flexibility and faster access to capital, crucial in competitive markets.\\n\\n\\nStructuring Private Money Deals: Listeners learn about the typical terms of private money loans, including an 8% interest rate and a maximum loan-to-value ratio of 75% of the after-repaired value. Jay explains how these terms can be attractive to private lenders.\\n\\n\\nFix and Flip Strategy: The episode focuses on the fix and flip real estate strategy, which is the primary model Jay uses with private money. This strategy involves acquiring distressed properties, rehabilitating them, and then selling them at a profit.\\n\\n\\nAvoiding Competition with Institutions: Jay advises real estate investors to target markets where there is less competition from institutional buyers. By going to smaller, suburban markets, investors can find more opportunities to secure deals.\\n\\n\\nEffective Marketing Strategies: Jay shares his successful marketing strategies for finding off-market deals, including direct mail, Google ads, and outbound calling and texting. He explains how these methods help him stand out and acquire properties.\\n\\n\\nBuilding Relationships: Building strong relationships with private lenders is key. Jay highlights the importance of educating private lenders about the process, ensuring they understand the investment and feel secure.\\n\\n\\nBeware of Scams: Both borrowers and lenders should be cautious of scams in the private money space. Borrowers should never send money upfront to potential lenders, and lenders should thoroughly vet borrowers.\\n\\n\\nLiving an Extraordinary Life: Jay shares a valuable life lesson, emphasizing the importance of having a clear purpose and serving others. He believes that understanding your "why" can lead to an extraordinary life.\\n\\n\\nResource Offer: Jay offers a free copy of his book, "Where to Get the Money Now," to listeners interested in learning more about private money and real estate investing.\\n\\n\\nJoin us as we delve deep, challenge the status quo, and unveil the changing mindset of real estate investors. Whether you\'re a seasoned pro or just starting out, this episode promises a treasure trove of insights, strategies, and opportunities waiting to be unlocked.\\n\\nAre you REady2Scale Your Multifamily Investments?\\n\\nLearn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.\\n\\nTo reach Ellie & her team, email them at info@bluelake-capital.com or complete our investor form at www.bluelake-capital.com/new-investor-form and they\'ll connect with you.\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'