Reaching Real Estate Success with Private Money Lending

Get Creative with Pace Morby

Welcome to a new episode of Get Creative! Today, Kevin Choe is hosting with special guest talking with Jonathan Chan from Maryland. Jonathan is back for a follow-up discussion after his first appearance in March, where he shared insights on private money lending. In this episode, we'll dive deeper into his experiences, lessons learned, and how he successfully leveraged private money to grow his real estate portfolio. We'll explore the importance of securing your lenders and discuss Jonathan's journey from borrower to experienced investor.

Highlights:

"I realized I had messed up and did not protect my lender the way that I should have."

"The moment you learn how to raise money, it becomes a skill set that can propel your business."

"I'd much rather go broke than lose someone else's money."

"You're not just asking for money; you're presenting an opportunity."

Timestamps:

00:00 - Introduction and Episode Overview

01:26 - Welcoming Jonathan Chan and Initial Conversation

02:46 - Discussing Jonathan's First Borrowing Experience

05:01 - Securing Private Money and Lessons Learned

09:58 - The Importance of Protecting Your Lenders

12:23 - Finding Private Money Lenders

15:13 - Leveraging Private Money to Scale the Business

18:57 - Jonathan's Focus on Section 8 Housing

20:42 - Benefits of Section 8 Investments

21:28 - Closing Remarks

► Join The Subto Community & Learn Creative Finance Directly from Pace:

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► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

http://joingatortribe.com/yt

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► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/

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