PMA 1/8/25

Jay and his team are back with part two of the previous call and digging into the nitty-gritty details of all the numbers involved in their recent deals, featuring deals by his Mastermind and Platinum coaching students.

Below is a copy of the chat from the live Zoom call:

00:06:29 [email protected]: yes - audio is working..Thank you
00:06:43 [email protected]: Thank you
00:13:26 brian lucy. 719-201-5889: Q: crystal. How did you first find out about jay?
00:14:53 [email protected]: I found a motivated seller - his wife is ill and needs the money to care for her. asking 325k willing to go lower, new roof, well cared for home 3 bdrm- 3bath, not willing to do "owner finance" because he needs the money. I thought to "buy it" so I could move in... (original thought) buy it by borrowing via private lender, paying owner 30 % of home purchase price, offering him 290k or less, be a co-owner with investor, build my "credit" to later qualify for a loan directly to purchase the home outright within a year. otherwise sell the home, paying the owner the rest due to him, and splitting the profits with the private money lender or rent it out with continuous income, pay off the private lender or keep private lender into the future. Any thoughts?
00:15:06 Crystal: @brian lucy. 719-201-5889 - I saw him while attending another event!
00:16:51 Rhonda: Will you please address how you handle the taxes of quick flipping vs long term holding of real estate. Is there a way to minimize the tax?
00:16:54 brian lucy. 719-201-5889: I am anxious for the time to share a deal. Hope soon
00:24:48 HOME PC DIAZ’s iPhone: Good afternoon everyone!

00:00:41 Tim McAlevy: In back!
00:00:48 Derrick: Back
00:00:58 Tim McAlevy: I’m back!
00:01:08 iPhone (2): I’m back
00:01:19 [email protected]: Scott Paton could you share your contact information again, pleae
00:01:28 Norman Miller: Do you charge interest one a deal ?
00:03:57 Jeff Clayton: Crystal, did you use 100% private money to close with your Seller who agree to a term of 1 year?
00:05:12 Derrick: With the ARV/option price is. that price based all the work done. If all work isn't done, do you reduce the price to that current condition with the work dobe.
00:05:32 [email protected]: I found a motivated seller - his wife is ill and needs the money to care for her. asking 325k willing to go lower, new roof, well cared for home 3 bdrm- 3bath, not willing to do "owner finance" because he needs the money. I thought to "buy it" so I could move in... (original thought) buy it by borrowing via private lender, paying owner 30 % of home purchase price, offering him 290k or less, be a co-owner with investor, build my "credit" to later qualify for a loan directly to purchase the home outright within a year. otherwise sell the home, paying the owner the rest due to him, and splitting the profits with the private money lender or rent it out with continuous income, pay off the private lender or keep private lender into the future. Any thoughts?
00:05:39 V. Guillet: 👍
00:06:04 Rick Cooper: When you list the property with a realtor, how long does it take on average to sell the property?
00:08:54 [email protected]: What does a private money lender look for when giving 100% of the financing for a deal?
00:11:05 Derrick: Are your work for equity buyers also screened based on the work needed to be done
00:12:04 [email protected]: Replying to "Are your work for eq..."

She mentioned that the "work for equity" buyer would need to get a licensed professional for the work to be done.. She probably has more detail on that
00:12:06 FJ: What determines whether you list and market your property(ies) yourself, or have a realtor do it? Is it the samebdor rental property?
00:12:25 [email protected]: Replying to "Are your work for eq..."

probably so, if they are offering to do the "licensed" work themselves
00:12:50 FJ: Same for
00:18:20 Crystal: Feb 12, 13, 14, 2025
00:18:28 Crystal: Atlantic Beach, NC
00:19:02 brian lucy. 719-201-5889: Would anyone like to lend me money for an upcoming deal?? 😃
00:19:24 Crystal: www.theprivatemoneyconference.com
00:19:30 [email protected]: Scott Paton had shared a contact to schedule an appointment.. can someone repost it here, please
00:20:08 Pamela Bryant Downey: How do you automate the rehab?
00:22:48 Crystal: www.theprivatemoneyconference.com
00:23:11 Crystal: 252-808-2927
00:27:22 grosh4you: You come to network in Chicago
00:31:57 Crystal: Next PMA Wednesday January 22nd 4 pm ET
00:33:50 Crystal: www.theprivatemoneyconference.com