The Limited Partner - Stop trading time for dollars!

Jake Wiley

Jake Wiley from The Limited Partner reveals all of his passive investing strategies to make passive income truly passive so you can be ahead of the curve retirement curve and start living the life you think about now. The goal of passive investing is to free you up from the mundane day-to-day requirements of trading time for dollars. However, most people make the mistake of trading a full-time job and replacing it with full-time investing. It's time to put an end to trading time for dollars! The limited partner has the maximum leverage on their most precious asset, their time. They say you are the average of the people you surround yourself with. Are you looking to elevate your network and connect with individuals that will bring your average up? The limited partner is more than just a podcast, it’s a community to learn, participate and connect. There is no other community out there like this for Limited Partners, so subscribe to the podcast and, most importantly, join the Facebook community. Welcome to the Limited Partner Podcast with your host Jake Wiley. read less
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Episodes

TLP 65: Unlocking Success with Raising Private Money with Jay Conner
Apr 24 2023
TLP 65: Unlocking Success with Raising Private Money with Jay Conner
In this podcast episode, we interview Jay Conner, President of The Private Money Authority. He shared some valuable tips for private lenders and real estate investors:Always have a conservative loan-to-value ratio. This means not borrowing more than 75% of the after-repaired value on a single-family house. For example, if the after-repaired value is $200,000, don't borrow more than $150,000. This protects private lenders and investors by providing a $50,000 cushion between the property value and the borrowed amount.When doing one-off deals (as opposed to syndications), always give private lenders a deed of trust or mortgage to protect their investment. Also, name them as the mortgagee on the insurance policy and as an additional insured on the title policy.Look for conservative operators who rely on math, not emotions, to make decisions. They should know the maximum amount they should pay for a property and have experience in the field.These tips can help private lenders and real estate investors mitigate risks and protect their investments.Come and visit Jay’s website: jayconner.com/moneyguide to download his new book on “Seven Reasons Why Private Money will Skyrocket Your Real Estate Business and Help you Build Incredible Wealth” absolutely for FREEVisit us here at: https://www.thelimitedpartner.com/ If you'd like to say hello, you can find Jake at @JJakeWiley on Instagram and Twitter, and on LinkedIn. You will hear quite a bit of real estate terminology in every episode. We've aggregated the most common questions for you in the link below! https://bit.ly/learn-the-lingo