You've asked the question and we are showing up for you. Today's question that
everyone's been asking is "How do I actually find investors to help me flip
my real estate deals?" Basically Gerry, people are looking for
money. If real estate is hot and deals are abounding, (And they always are) where do
you actually find the investors? Where do you find people with money? And I've
asked Jerry to actually come in town to shoot some of these videos with me. He is
the king of flipping. And one of the most sought-after nationwide experts when it
comes to flipping based on his 15 years of experience. He's also been my friend
for years. An amazing man. And today Jerry and I are going to really break it down.
Where do you find the easiest money to help support you and flipping deals and
making a pile of money?
So, Jerry. There really are a number of ways of finding money for deals. And
we've shot some different videos. But today we're going to cover something a
little bit different, right? I mean, if you want money, there's hard money, there's
private money. And you know... -Creative financing. -So many different
opportunities. But I want to share one of my favorite. Probably my number one go-to
when I'm looking for money which is to actually get into a partnership. Someone
that has money and say, "Hey, you know what? Instead of just being the lender like a
bank and getting an interest rate, why don't I actually bring you in on the
deal and we'll do it together." -Participation. -Yeah. So let me ask you. I...
Do you have is that a strategy that you've used before? -Oh yeah, yeah.
Especially on kind of some of my higher-end deals where there's kind of a
lot of capital because if you're using the other way, you know, debt, investing?
You've got like that big payment. -Yep. -That can be stressful and you got this
big payment every month. You're making until that property sells. And what the
partner, they're saying, "Well, I'm not getting that monthly interest payment."
But when you do sell, if I believe in the project, I'm going to participate in the
profits. And a lot of my deals Jerry, I'll partner up 50/50. They'll bring in the
money, I'll do all the work. And my team will step in and you know, they get to
play enjoy a relatively passive role. And you know, in many situations if I did
hard money, I could probably make a lot more money. But you know what? I also find
that when I take care of my partners and I take care of people, they keep coming
back and over the decades, we're going to be funding lots and lots and lots and lots
and lots of real estate. -And that's really important. I mean, I've got some
investors that I've done equity with like you're talking. Partner with on
deals. And I look back now in over the years. I mean, they've made hundreds of
thousands of dollars participating in my deals with me. And it's great because
they trust me, I get a good deal, I know I can go to them, I know they're good for
the money, we can close quickly. I mean, there's a
lot of benefits to building these partnerships. -Yeah. And what I want to do
is I want to share with you two different ways that you can find these
partners. I want to talk first of all about the people you know and then
second about the people you don't know. And I'm going to give you two very
different extremes on the spectrum. You know Jerry, when I actually went out and
did my first deal, I remember my father-in-law that I looked up to.
Because my wife came from, they were a... They were there were a nice middle-class
family. He was a business owner. They had done, "Okay, we're not rich or anything." But
I as a young punk kid, I wanted my father-in-law's respected. Remember when
I and when I bought my first house... I mean who doesn't, right? When I when I bought
my first house, I remember my father-in-law was really confused and
concerned. He's like, yeah "You not even half in a college. You don't even... You
just announce it you're not going to be a doctor because you're too dumb to be one
because you can't figure out this chemistry stuff and now you want to buy
a house?" Like that sounds premature. When I bought my second house, he thought we
might be getting a divorce. Like, something is wrong. 2 people don't
need two houses. And then when I bought my third house, he kind of wrote me off
as like, "The crazy son-in-law." Like I don't get this. -Must be doing something
illegal. -Or something, you know? But you know, when I came to my fourth deal, uh I
had the deal lined up. It was going to make great money and I would... For the first
time, I couldn't figure out how to get the money to do the deal. My
father-in-law, he called me he had just come back from a trip from, I think those
the Bahamas. It was an anniversary trip with his wife. And he called me up and he
said, "Hey, what's going on?" I'm like, my father not doesn't normally call me just
to you know? -It was a check. You know he said, "Tell me about this real estate thing." And
so, I started telling about him and he said he had a dream that he and I
were doing real estate together. And he wanted to know what I was doing. And so, I
started breaking down my deals and the ROI's, I was getting more sick. They were
really, really good. And I told him about this next deal that I couldn't do because I
didn't have the money and he said, "You know what?
I'll give you the money. It would be 50/50 partners." And you know what? Dude, it was
like I jumped out of my body. I was so freaking excited. -Because 50% of something
is better than zero of nothing. -Yeah. -If you don't do the deal.
-Yeah. -Hundred percent of nothing, right? And so, we ended up doing the deal. And we
both made crazy good money. And then you know, my father-in-law, we've done like 50 deal
since. We've done a lot. And he was the first partner. Now, what was great
about this partner was that it was someone that knew me that said, "I believe
in you. Maybe not even a track record because you hardly have one." And some of
you are watching this thinking, "You know what? I wonder if there's someone I know
that would take a bet on me." That is a first great place to look for
partner. But I also got some of you that are watching you're like, "Dude, -I don't
know anybody. -I don't know anyone's going to take a bet on me or that has money like
I just don't from that." And on the other extreme, I
have people that watch these videos, fall in love with the content, reach out to me
and I partner with them and we do deals together. I mean, total strangers that
become fast friends. And there's a lot of ways that you can find partners. But you
just got to understand first, that you've got to focus on getting a good track
record on anything that you do. Now, in a moment, I'm going to have Jerry show with
you how you can get a great track record by just wholesaling some deals. Because
right now, the only experience you really need for making quick, quick cash in real
estate is you got to know how to find a good deal and then you got to know how
to pawn it off to another investor to get a chunk of change like 10 grand. You
do 2, 3, 4 of those and you load 30, 40 grand up in the bank. And guess
what you can do? You can now showcase that to say, "Look, I'm finding deals
regularly. I'm getting paid for them." How about instead of me pawning them off to
other people. How about you become my partner and now we do these deals and I
make the rest of the money that can be made or in a deal?" Right?
Jerry, I think that's really where we want ahead today is is that partnering,
you know, bringing someone into play and equity role, you're giving up a lot. But
again, a hundred percent of nothing is a whole lot less than 50% of
something. -And you know what Kris? My story is pretty similar when I first got
started. There really wasn't money on the streets. Because I got in when in 2004 or
2005. Market was really... If you guys ...Anybody remembers, that was not a really good time.
Money wasn't available. So, I did the same thing. I partner with people. And I found
that if I can present a deal and I can put everything together. You know, "Here's
the comps, here's a breakdown of all the repairs, here's..." Everything that will... That
I'm... That I'm confident this deal will be successful, all it takes is that one
person that's got some capital. You're promising them half the profit. Talk to
enough people and someone's going to do it. -And that works. I actually have a program.
It's called Partner Profits. We're actually teach people how to go out, how
to find partners, how to market to them on social media. And as they come in,
they're the funding partner that brings the money, you're the doing partner that
manages everything. You come together and you make deals happen. -And you know what?
Don't judge like sometimes... You think they don't have any money. Maybe they
have a lot of money. It's not about appearances at all. -Oh, it can't be well.
And often I find that if you're talking to anyone that has been working for
20, 30 years, they might feel broke but they got money in 401k's,
, paid off homes. And and to them they're not
using that money for day-to-day. They're not supplementing their lifestyle. So,
they don't even feel like they got it in the bank. It's just for retirement. And
it's not making them any money. -I know. It's actually losing them usually at the
rate of inflation. And don't get me started because I get crazy when I
start thinking of how stupid the 401k system is. -Especially when they can
self-direct it put it into a deal and go make a whole lot more money. -Way more money
than than the fiduciaries and the people responsible for giving you financial
options. So friends, this whole thing, um if you want to attract partners, first
of all, just understand that if you want to get into real estate but you don't
got the money, you don't got the credit, someone else does. So, it's OPM. Other
People's Money. OPC, Other People's Credit. And with that,
I'm doing deals all day long. And together, we find match made in heaven. It's
awesome but partners like to take a bet on someone that has more than desire or
motivation. They want to take the bet on someone that has track record. And if you
don't have a track record like you haven't done a deal, that's why I'm
saying, "The only person that might be interested might be a loving family
member." It's like, "Well I might lose money on the deal but I believe in you. -I'm not
playing on getting this back." -You know. So we got to find a way to get a track
record. The fastest way to get a track record is to become a bird dog. And a
bird dog is someone that finds a really good deal and then does a whole sale of
that property to a professional investor that has the money. And they get paid a
fee. That they can be a few thousand bucks, it can be 10,000 bucks.
Heck! Your best deal, you got how much? -65,000. -$65,000 -And you know
what? What's great about bird dogging is it gets you deals done. So, you start to
build that you know, experience. -Yeah. And you guys so... -You can start talking the
talk. -Yeah. -You know your way around real estate and you can say, "Hey, I did these
3 deals. And I got paid you know 5,000 on this and 3,000 on
that." Or if you get trained by someone like Jerry who's an expert, he actually
pays his bird dogs $10,000. You know, so some people treat people
better than others. Jerry is kind of one of the premium guys
out there for how he treats people. So, my suggestion is if you need a partner and
want to get in the game but you don't got money and you don't got credit, then
wholesale a couple of deals. Now to do that you're going to need a couple of
things. One, you're going to need access to find these deals. And yours they're going to
need training or software. Jerry has both of those and they're free. He'll actually
give you software, you can actually go to the link and sign up for it. And there's
some training gives you first. But he'll give you the
software that will actually find the deals in your zip code for those of you
that live in America. If you don't live in America,
you're not international yet, right? -No. -So he's not there yet. -You know what's cool is
you can live somewhere else and do deals in the U.S. -Totally true. -It still works.
-Yeah. So, you're going to need software and then the second thing is you need
someone that is willing to be a partner to you and pay you money when you find a
good deal. If you find a good deal, you could really pawn it off to anybody. But
Gerry is my buddy that gives people $10,000 when they have a legitimate deal
that works for him. So, he'll give you that and then he'll actually be your de
facto partner. -And you know what's cool about it? -Will give you that 10 grand on
every deal. -Here's what's cool about it. You don't have to wait until I flip the
deal later. I pay you right up front for bringing that deal, for finding that deal.
So, you get paid up front because I know... I know if I can keep you excited about
getting these $10,000 checks... -You'll do another one. -You're going to go do another one. -Yeah.
So, if someone actually use your software (And for free) and then they found a good
deal and they upload it in your system and it met your criteria and you said,
"Yep, I'm going to jump on this." How soon after would they actually get paid? -As
soon as we have a closing and we make sure we have clear title and we close, I
write you a check for $10,000. -So as soon as you close, they get the 10 grand and
then it might take you a month or 3 months to fix up or do whatever you got to
do. They don't have to wait? -Don't have to wait for any of that. -They've already
been paid up front. They don't have any liability. -No risk. Dude,
that's awesome. -Pretty cool deal. So friends, partnering is a fantastic way to
get money when you want to flip deals. And Gerry is really the resident expert
on that. That's why I wanted him to be on today's video. So, I recommend that you
click the link in the description below. Go check it out and sign up for the web
training. It's not very long but it will really give you some good in-depth facts
and info on how the system works, how you use the software, how you get paid the 10
grand. And some additional ways that you can also work with Jerry if you're on
the more serious level. Guys, I'm all about working with the serious instead
of the curious. So, if that's you, take action and do it right now.
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