Oct 01 2024 38 mins 8
In this episode, I am joined by my daughter, Maddie Reese, to talk about private money for real estate investing, with a particular focus on land deals.
Maddie and I explain the benefits of using private lenders, especially in an industry where traditional bank financing is less common.
We also discuss the importance of thorough due diligence to de-risk the properties we buy and other strategies such as working with brokers, conducting title searches, and visiting properties in person.
By consistently buying properties at 50% below market value, we demonstrate how we limit risk while offering high returns to private lenders.
We offer tips to land investors on how to find private lenders through networking and building trust over time.
We're also sharing how to become a private lender yourself and earn 12-15% returns. It's all in the episode – listen now!
Key Takeaways
Introduction (00:00)
Private money in real estate (01:48)
The definition and benefits of private money (04:14)
Risk management when buying land (06:20)
Typical structure of private money deals (10:05)
Finding private lenders through networking (15:58)
"Partner with Pete" equity partnership program (21:27)
Invitation for potential lenders to connect (25:17)
Q&A from the Land Conquest Community (26:05)
Additional Resources:
✨ Join 4,500+ people in our free land-flipping community: https://www.skool.com/landconquest
✨ Get all of our recommended tools and services at https://resources.landconquest.com
✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete
✨ Follow Heather on Instagram here: https://www.instagram.com/itsalovelylife
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Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.
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