In today’s fast-paced world, many of us find ourselves trapped in the endless cycle of the 9 to 5 grind, yearning for a taste of financial freedom and a lifestyle that truly resonates with our personal values. Michael Hoang, a real estate investor from Houston, Texas, once found himself in this very predicament. However, through strategic real estate investments, he managed to escape the daily grind and now dedicates his life to helping others achieve the same.
Before diving into real estate, Michael was entrenched in the telecom industry, working as a risk manager with a grueling travel schedule that spanned the U.S., Canada, and even Puerto Rico. As he juggled this demanding routine, he recognized the unsustainable nature of his professional life. Motivated by the desire for stability and a gentle nudge from his wife, he embarked on a quest for financial independence through real estate.
Michael’s journey in real estate began with “house hacking,” a strategy where one purchases a multi-unit property, lives in one unit, and rents out the others. This initial step provided a crucial foundation for his real estate business, allowing him to build capital and experience. However, he soon learned that fear and hesitation had initially held him back from progressing further, despite possessing the necessary knowledge and tools.
His breakthrough came when he discovered the power of private money. Traditional financing methods, such as hard money lending, often come with cumbersome paperwork and higher costs. In contrast, private money offered a more flexible and relationship-driven approach, making it easier to secure funding quickly and efficiently. This strategy enabled him to scale his operations significantly faster.
Michael credits much of his success to direct-to-seller marketing, emphasizing the importance of finding deals off-market through methods like direct mail. Despite numerous technological advancements, he attests to the timeless efficiency of direct mail in reaching potential sellers and securing profitable deals.
Furthermore, Michael utilizes the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), acquiring distressed properties, renovating them, and refinancing to recoup his initial investment. This method has allowed him to recycle his capital repeatedly, growing his portfolio and wealth without the limitations imposed by traditional financing institutions.
Through networking and relationship-building at local meetups and self-directed IRA gatherings, Michael connected with private money lenders who shared his vision. He emphasizes the significance of nurturing these relationships early, suggesting that aspiring investors “dig their well before they are thirsty” to avoid desperation when a lucrative deal arises.
Michael’s story is not just about financial gain; it’s about creating a fulfilling life based on personal values and priorities. He finds joy in knowing that his investments provide him with financial freedom and benefit his private lenders, creating a cycle of opportunity and growth.
His journey underscores a critical lesson: in real estate, as in life, relationships are everything. Whether connecting with potential sellers or building trust with private lenders, Michael’s approach revolves around integrity and mutual benefit, resulting in a win-win scenario for all parties involved.
As he continues to expand his real estate ventures and digital presence, Michael remains committed to sharing his knowledge and insights. Through his podcast, “The Be Someone Podcast,” and his active participation on social media, he inspires others to break free from their constraints and pursue lives of passion and purpose.
In a world where many feel trapped by the constraints of traditional career paths, Michael Hoang’s success story offers hope and inspiration. By leveraging creative real estate strategies and cultivating meaningful relationships, he has charted a path toward financial freedom that is accessible to anyone willing to leap.
Whether you’re a seasoned investor or a newcomer to the world of real estate, Michael’s journey proves that with determination and the right approach, you too can break free from the grind and create a life of your design.
10 Discussion Questions from this Episode:
- How did Michael Hoang transition from his career in telecom to achieving financial freedom through real estate investing?
- What strategies did Michael use to accomplish financial freedom in just five years?
- Can you explain the BRRRR method and how Michael has applied it in his real estate investing journey?
- How does Michael view the role of private money in comparison to hard money lending, and what are some benefits he highlights?
- What does Michael mean by “dig your well before you’re thirsty” in the context of real estate investing?
- What are some direct-to-seller marketing strategies Michael prefers, and why does he favor direct mail?
- How does Michael describe the flexibility of using private money lenders compared to institutional lenders?
- Michael talked about an innovative strategy for closing deals quickly with sellers still living in the house. How did he structure this offer, and what benefits does it provide?
- In what ways does Michael engage with potential private money lenders, and what seems to be the most effective method for him?
- How has Michael leveraged social media in his strategy to attract private money lenders, and what specific call-to-action does he use in his posts?
Fun facts that were revealed in the episode:
- Worldwide Workweek View: Before diving into the world of real estate, Michael Hoang had a job that took him to various places, including Canada and Puerto Rico. His extensive travel routine highlighted the unsustainability of his 9-to-5 job, driving him to seek a more stable and flexible lifestyle through real estate.
- Real Estate Escape Plan: Michael initially considered more traditional ways to transition into real estate, like wholesaling and house flipping, before discovering the power of private money. His first deal was an eye-opener, where he not only managed to hold a property long-term but also found the potential of multiplying his investments using private funds.
- Direct Mail Devotion: Despite having tried several direct-to-seller marketing strategies, Michael swears by the power of direct mail. He considers it a tried-and-true method that remains effective despite the ever-evolving marketing landscape, proving that sometimes the best strategies are those that stand the test of time.
Timestamps:
00:01 Raising Private Money Unpacked
04:59 Expanding Real Estate Portfolio Strategies
08:37 BRRR Method Explained
10:33 “Predicting Rate Changes and Opportunities”
13:09 Choosing Private Over Hard Money
16:35 Irresponsible Real Estate Lending Practices
22:51 Expanding Marketing for Private Lending
24:52 Connect with Michael: Private Lending
https://www.instagram.com/michaelbesomeone/
27:17 Get Jay Conner’s Free Money Guide
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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal.
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House Hacking to Freedom: How Michael Hoang Escaped His 9 to 5 Grind
Jay Conner [00:00:01]:
Welcome to another amazing episode of Raising Private Money. I’m Jay Conner, the Private Money Authority, also the host of the show. And it’s on this show where we talk about how to raise private money for your real estate deals without ever having to ask for money. How in the world do we get all the money for our real estate deals without ever having to ask, beg, chase, persuade, or sell? We’re gonna unpack that today because the guest that I have on today’s show, he’s raised hundreds of thousands of dollars in private money, and we’re going to interview him and unpack exactly how he’s gone about doing it. He’s a real estate investor. He has achieved financial freedom, and he retired from his nine-to-five workday job in just five years when he started doing the world of real estate. Now he’s got a passion for empowering others, and he’s built a successful career using all kinds of real estate investing strategies.
Jay Conner [00:01:04]:
For example, the BRRRR method, wholesaling, transactional lending, my world of private money and private lending, and direct to seller marketing. We’re gonna unpack all that in just a moment. You’re gonna meet my very special guest, mister Michael Hong, right after this.
Narrator [00:01:25]:
If you’re a real estate investor and are wondering how to raise and leverage private money to make more profit on every deal, then you’re in the right place. On raising private money, we’ll speak with new and seasoned investors to dissect their deals and extract the best tips and strategies to help you get the money, because the money comes first. Now here’s your host, Jay Conner.
Jay Conner [00:01:53]:
Michael, welcome to the show.
Michael Hoang [00:01:57]:
Great to see you, Jay. Great to see you again on the Internet this time. We’ve ran into each other at a number of events over the years, and I’m excited to be on the show today.
Jay Conner [00:02:06]:
Well, I’m excited to have you on the show. You’ve got quite a bit of background in this world of real estate investing with the BRRRR Method, wholesaling, transactional lending, private lending, direct-to-seller marketing, all that kind of good stuff. So I’m excited to dive in and particularly, talk about your experience in raising private money because after all, that’s what our audience wants to hear is how you have gone about doing that. But let’s put it on rewind for just a moment. It took you five years to achieve financial freedom. What were you doing while you were starting in real estate investing?
Michael Hoang [00:02:46]:
So I was working in telecom. I was a risk manager, and I was traveling Monday through Friday. Every week, I was in a different city. We were on the East Coast, the West Coast, the Midwest, Canada, and Puerto Rico. It was all over the place. And I knew this wasn’t sustainable. I couldn’t do this forever. And my wife is in a master’s program, and she said you can do whatever you want while you’re working or while I’m in school.
Michael Hoang [00:03:14]:
But when I get out and start working, you need to come home. So most people would have just found another job, brushed up their resume. I started building out a real estate business, and I started with house hacking. My first deal is where you buy a two to four-unit property and you live in one unit, rent out the rest, or you buy a big house and rent out the bedrooms. Show’s not about house hacking. I’ve told this story many times, so I’ll skip over that. But it I in the intro, we talked about how it took me five years to retire using private money and real estate investing. That’s actually like a demerit for me because for a couple of those years, I kinda stood still and was kinda paralyzed in fear when I went from the house hacking to doing direct to seller marketing, buying with private money.
Michael Hoang [00:04:02]:
And when I started buying the houses, my first thought was, I find a good enough deal, and I can wholesale it. And then maybe if I find enough wholesale deals and save up enough money, I can flip a house. And then maybe if I flip enough houses, eventually I can buy and hold with private money or any way I can find to do it and hold rentals. And on my first deal, I showed it to somebody, and they said, Oh, man. This is, is great. Yeah. You can wholesale this. Did you wanna think about renting it? I mean, flipping it? Did you wanna look at maybe getting a hard money loan or private money loan? I was like, yeah.
Michael Hoang [00:04:44]:
Let me do that. And so, we could talk more about how I met my private money lender, but I called up my private money guy, showed it to him. He said, This is great. Yeah. I would love to lean on this. What are you gonna do? Flip it? I said, yeah. I guess that’s the plan. I’m gonna flip it.
Michael Hoang [00:04:59]:
And then we move from that conversation to, why don’t you talk to, like, a long-term lender, like a conventional lender or a DSCR lender? You can probably hold on to this. I’ll fund it for you either way. And so when I talked to a lender that my private money lender referred me to a long-term lender, or conventional lender, she looked at it and said, Sweetheart, you can put 10 of these in your name, and then you can put 10 in your wife’s name. And then after that, we can put more in other products, like a DSCR product. And so my mind just exploded where I thought maybe I could wholesale it, maybe I could flip it, and then one day I could buy and hold. On my first deal, I did direct sales and marketing. I was able to hold it as a long-term rental. And, also, what helped me grow so quickly was using private money.
Michael Hoang [00:05:49]:
Hard money is very cumbersome, a lot of paperwork. It can be very expensive. But with private money, I was able to show somebody a contract, show somebody a property, pull up comps, show it to them, and say, let’s make a deal. Let’s work it out. When do you wanna close? How much do you wanna fund? Do you wanna fund the rehab? Do you wanna fund all the rehab? And if the deal makes sense, you can grow fast using private money, Jay.
Jay Conner [00:06:14]:
Absolutely. That’s been the same experience for me. Now, Michael, I’ve got a question for you. You can answer this as quickly and as short as you like, or you can make this as long as you like. But here’s the question. Tell me, who is Michael Hong?
Michael Hoang [00:06:34]:
Well, I’m a real estate investor based in Houston, Texas. I am a licensed agent, and I got started by house hacking and then using the BRRR method to retire. I’m 36 years old out here in the suburbs of Houston, as I said. My wife is in the medical field. I’m real estate retired. We’re working on getting her real estate retired. And, I’ve recently launched a podcast, the Be Someone podcast with Michael Hong on Spotify, Apple Podcasts. It’s also on my YouTube.
Michael Hoang [00:07:05]:
And, we post a lot of content about what’s going on right now on my Instagram at Michael b someone on Instagram.
Jay Conner [00:07:13]:
Beautiful. Now you mentioned a couple of times a few minutes ago, direct to seller marketing. Tell the audience what you mean by direct-to-seller marketing.
Michael Hoang [00:07:24]:
So there are generally two places you find a deal, on the market and off the market. On property would be listed with an agent on the MLS. Off-market would be finding better deals, but it takes generally more work to go find them. Direct to seller marketing, there are many channels that we can use for that. You can use direct mail, cold calling, bandit signs, door knocking, text blasting, PPC, and PPL. There are so many strategies to do direct-to-seller marketing. I’ve done them all, but I’ve had the most success with direct mail. Man, it is tried.
Michael Hoang [00:08:01]:
It is true. It has been around for a very long time. Anytime there’s a change in regulations, direct mail is not affected, because you’re not soliciting people. You’re asking people to buy their property. And it’s it’s just sometimes the old methods work the best, Jay.
Jay Conner [00:08:18]:
Agreed. Agreed. And as we’re using these different methods, we gotta have a measuring device in place so we make sure we know exactly the money we’re investing, exactly where those leads are coming from. Now, you also mentioned a few minutes ago the BRRR method. Tell everybody what in the world the BRRR method.
Michael Hoang [00:08:37]:
So the BRRR method stands for buy, rehab, refinance, rent, repeat. It’s like a pop quiz. I always wanna get them out of, messed up, in order. So the BRRR method is when you buy a distressed piece of real estate, you fix it up. With me, it’s always with private money. You buy, you fix up with private money. You put a tenant in there on a long term lease, And, typically, depending on who your long term, financer is who’s gonna take out your private lender, sometimes you’ll have a private lender that will give you a long term loan, and they will be the long term lender as well. Other times, once it’s fixed up and a tenant’s in place, you’re gonna refinance your private lender out with what we call long-term financing.
Michael Hoang [00:09:20]:
It could be a Fannie Mae, Freddie Mac, DSCR, an FHA, whatever kind of loan that you qualify for. Talk to your lender. And, typically, right when the tenant signs the lease and their deposit to rent is deposited in your bank account, you can do the refinance. I’ve refinanced properties before the tenant is fully moved in. So it just depends on the situation with your lender. Talk to them. Their guidelines change all the time. But that is the BRRRR method.
Michael Hoang [00:09:50]:
We recycle our capital over and over and over again, rather it be your own, your private lender, however you’re financing your business.
Jay Conner [00:09:59]:
With where institutional interest rates are today, do you think the BRRR method is a viable strategy in today’s market?
Michael Hoang [00:10:08]:
So there’s always a market where the BRRR method is working. It’s definitely getting harder as rates go up. I’ve found it more attractive now to talk to private lenders who want a longer term, interest rate on what they do. But there’s always a market somewhere where the BRRR method works. But as rates go up, more of those deals fall out of my buy box, which makes sense for a BRRR method.
Jay Conner [00:10:33]:
Alright. Well, of course, nobody has a crystal ball. But if I had a crystal ball, my crystal ball would say we’re gonna see rates starting to come down, maybe not significantly, but in some respect. You know, what’s interesting is, just because CD rates and other rates start to come down, that doesn’t mean that mortgage rates follow that. You know? They do eventually, but not simultaneously. So I think there’s gonna be some opportunities in the institutional world, later on in this year, as the year progresses, for them to come down. Now, you alluded a moment ago to your first private money lender. So I wanna hear the story.
Jay Conner [00:11:15]:
Tell us the story and the details of your first private money lender and deal.
Michael Hoang [00:11:23]:
Yeah. So I met my first private money lender through a self-directed IRA meetup, and I’m sure Jay tells everybody, and I tell everybody on my podcast and my channel, you need to be going to where the people you wanna do business with are. Your calendar should be full of meetups and social events in person. The Internet’s great. We’re doing it. I’m doing it. I have a VA working full-time to produce content for my YouTube and my Instagram. I still go out in person.
Michael Hoang [00:11:50]:
And so you need to dig your well before you’re thirsty. And in my case, that was meeting private lenders at self directed IRA meetups.
Jay Conner [00:12:00]:
Wonderful. Well, and I love what you just said. Dig your well before you’re thirsty. Because what that reminds me of is what I say all the time. The worst time in the world to be raising private money is when you need it for a deal. And, you know, Michael, doesn’t desperation have a smell to it? I mean, desperation is a stinky smell.
Michael Hoang [00:12:23]:
And Oh, man. They can smell it as soon as you walk into the room. The least likely guy to raise private capital or private money is the guy who needs it, who walks in the room needing it. And these deals typically close in thirty days, sometimes less. So you need to already have your financing lined up and your partnerships available when these deals come along.
Jay Conner [00:12:42]:
Yes. So what was it that happened in your real estate investing career that, you know, really woke you up and you said, you know, I need, I need to start raising some private money. Was it like, was there a pivotal point in your investing that caused that to happen? Was it a particular deal that triggered it? What was it that happened that you said, you know, I need I needed to get into this private money world?
Michael Hoang [00:13:09]:
You know, whenever I set out to do single-family investing, I knew I had the options of hard money and private money. But I was fortunate enough to have someone older, wiser, and with gray hair on their head tell me that a hard money lender is not gonna be there with you. A hard money lender is not gonna grow with you, whereas a private money lender will. And so I was told you can go get hard money, but private money is where you wanna go if you wanna be in this game long term. And I also, this may not resonate with everybody, but it did with me. I heard I heard somebody speak about taking money from Main Street, from Wall Street, and putting it on Main Street. And that stuck with me because a bank on the other side of the country does not care about you and me, but I feel good every time I have a payoff statement where I pay back my private money lender. And not always, but in most cases, it’s in some sort of retirement account like a solo four zero one k or a self-directed IRA.
Michael Hoang [00:14:08]:
And I know their money is tax-free or tax-deferred. It is the nest egg for their family, and we are passing wealth on to their family for future generations. So that stuck with me. And guess what? Every time you make your private money lender some money, what do they wanna do? They wanna kick it right out the door as fast as they can again. So I set out long before I had a deal to say that I’m only gonna use hard money if I can’t find private money. And so far, I haven’t used a hard money lender yet.
Jay Conner [00:14:40]:
Good for you. Now, by the way, I don’t poo poo hard money lenders. Some of my best friends are hard money lenders. They’ve used my strategies that I teach in the world of private money on how to raise more money for their fund, which they then lend out to real estate investors. So, you know, I’m establishing as many relationships as I can. You don’t want to pass up on a deal if the math still makes sense. But as you say, you know, private money is the way to go. Why do you like private money, say, over any kind of institutional money? I’ve got 20 reasons why I love private money.
Jay Conner [00:15:18]:
I wanna hear a few of yours.
Michael Hoang [00:15:20]:
Well, some people might say it can be less paperwork. Some people might say that because the rates and terms are negotiable. It’s whatever works for everybody. Man, what I like is just calling up somebody and saying, hey. I got another one. I’m emailing it to you now. Do we wanna use the same title company? There’s a whole different relationship for me. I have several private money lenders, but my first one and my main one, he’ll walk the property with me, and he has MLS access.
Michael Hoang [00:15:50]:
He had a real estate license that he kept just to keep MLS access. I loved walking a property with a private money lender. And for me, a seasoned lender, it was like any lender who knows what they’re doing is asking themselves, am I if I’m gonna loan, could I own? And so for me, a seasoned private money lender, that was saying, I love it. Bring me 10 more. I’ll fund them. Told me it was great because if he’s willing to take the property back, if I got abducted by aliens or hit by a bus or something, it felt good to me. But, you know, I’ve seen hard money lenders at least here in Houston where I have where I live. I’ve seen their inventory go to auction, and some properties that they’ve taken back.
Michael Hoang [00:16:35]:
And I look at these properties. I’m like, why on earth did they ever lend on them? I saw, like, a plywood box on blocks that somebody lent 75% of LTV on. And if I were young and dumb and did not know what I was doing in real estate, I would have gone to a hard money lender, they might have just funded that for me, knowing that I should have never gotten involved in that. So there is less regulation and less compliance. There is, whatever you wanna work out with your private money lender. I just like people and partnerships and working with the source of the money, not hoping on a bank line or not hoping that a hard money lender can hypothecate a note, to, like, an asset pool and package it and resell it. Not all hard money lenders do that. Some hard money lenders are using their own money, plus, like, self-directed IRAs and direct funding from private money sources.
Michael Hoang [00:17:27]:
But a lot of the hard money lenders I’ve met, they’re really still kind of answering to a big bank or an institution because they’re selling the note or hypothecating the note immediately whenever they issue you the loan. So there’s a lot more paperwork and compliance where I can call somebody up and say, This deal looks good to you because it looks great to me. Alright. Great. Let’s do a loan. Let’s make some money on this.
Jay Conner [00:17:48]:
I love what you just said, Michael. It reminds me of right before we got here on the show together, I texted one of my private lenders who has $550,000 available to lend out. And I texted them and I said, I’ve got a I can put a hundred and $50,000 of your funds together or put it to work right now, of that 550. And, I said, I’m looking to close in two days, so I’ll need your funds wired to my real estate attorney’s trust account anytime between now and forty-eight hours from now. And so he texted back. He said, No problem. I’ll have it wired this afternoon. So here’s my question, Michael.
Jay Conner [00:18:33]:
Where else can you go to get funding for your deal and get it closed within forty-eight hours?
Michael Hoang [00:18:39]:
It doesn’t exist, Jay. It does not exist. It doesn’t happen, brother, because when you’re using private money, especially with people that you know, like, and trust you and you have a relationship with, it gives you the competitive advantage when you’re looking at deals, whether you’re going direct to seller off market or you’re sourcing from wholesalers or on the MLS, wherever you’re scratching up a deal from. When you tell them, and I use this line too, I can close in five days if the title is open and clear. That is a whole different conversation you’re opening up from the wholesaler or sometimes even the seller. Sometimes, even the sellers need to close quickly. And with private money, you can do that. Call a hard money lender up and say, I wanna close on Friday.
Michael Hoang [00:19:25]:
I don’t think that’s gonna happen, brother.
Jay Conner [00:19:28]:
Exactly. And, you know, what I love about that is what you just said. It all comes down to the relationships with these people. You know, you’ve got a proven track record, etcetera. And, by the way, while while you were just talking, about closing quickly in five days or whatever, we started a strategy started using a strategy, a couple of years ago, and I’m picking up more deals, getting more offers accepted. And so the way this works is we’ll have a seller that’s still occupying the house. They’re living in the house, and we’ll offer to close in five days or seven days, but, of course, they’re still in the house. And so here’s the way our offer goes.
Jay Conner [00:20:14]:
So we’ll go ahead and close now within the next few days. And at closing, we’ll go ahead and give you 50% of your proceeds that you can put in your pocket right now. And then whatever we agree upon, as far as the time frame goes, you can live in the house for free for the agreed-upon time, you know, whether that’s three weeks, a month, forty-five days, whatever it is. And then, when you vacate the house and we do a walk-through of the house to make sure everything is clean, you’ll get the other 50% of your proceeds. And we get more offers like that accepted. Have you ever done anything like that, Michael?
Michael Hoang [00:20:56]:
Yeah. Doing a holdback through the title company. I love that. It’s a great negotiating technique. Whatever the seller’s needs are, I’m willing to meet them. I’ll hire moving companies. I have found self-storage units. I’ve even paid for post-closing, not pre-closing.
Michael Hoang [00:21:13]:
I’ve even paid for self-storage units for a couple of months. And when you have a private money lender, it’s very flexible. They’ll work the terms with you on that. But I love that carrot method where you tell them you can, it’s fine. When do you wanna close? You talk to a seller, and they say, Well, I wanna close as soon as possible. I don’t know where I’m going. I don’t know where I’m gonna move to. That’s fine.
Michael Hoang [00:21:34]:
Do you need money to get there? Do you need help? And we will close and then give them possession. All this is documented. You work it out with your title company, depending I’m in Texas, but depending on what state you are in, check with your title company or a realtor, and we’ll give them post possession as long as they need. But the longer they need, we will hold back more and more money from that. And I first learned that technique not because I know Jay Conner, but even though Jay Conner is a great guy, I learned that by being around other private money lenders and people in my community here at local self-directed IRA meetups, which in this case is Heritage IRA out of Houston. But wherever you are, there are local meetups with people like this where you can network and learn these techniques.
Jay Conner [00:22:19]:
What are some of your favorite ways to raise private money? I mean, there are all kinds of ways to raise private money. It can be in one conversation. You can have a private lender luncheon. I mean, I’ve raised $969,000 at just one private lender luncheon where I invited some people and invited my realtor, my real estate attorney, my CPA, etcetera. You know, there’s you can do webinars. You can do Zooms, etcetera, etcetera, etcetera. What are some of your favorite ways?
Michael Hoang [00:22:51]:
So I’ve done the webinars. I’ve done the one-on-one at socials and happy hours. I like to put on presentations in person at self-directed IRAs. Luncheons and webinars are great. And I’m working on this idea with my team, about doing more marketing out into the world to pull in private lenders. I don’t have it flushed out yet, but I think I’m gonna do a case study, on some deals and maybe find some interesting ways to send direct mail where you scan a QR code to a presentation of mine or some way where I reach out to you doing some kind of digital marketing because I need more private money, and I need to dig my well before I’m thirsty. But one-on-ones are great when you’re just getting started, but I love putting on luncheons and presentations, and webinars. I’ve done that for years, teaching the BRRRR method, private money lending, transactional lending.
Michael Hoang [00:23:42]:
And it’s a great way to demonstrate to a roomful of people. The one-to-many model is more efficient on your time, and you demonstrate to a roomful of people that you know what you’re doing. You’re in the business. You’re out here. You can’t keep it a secret that you’re a borrower. You can’t keep it a secret that you need private money or you’re looking for private money, then you gotta get the message out in the most scalable way possible.
Jay Conner [00:24:05]:
Well, and to go along with not keeping it a secret, I also love the strategy of posting on social media, on your social media, the deals that you’re doing. And so you can be, like, taking a picture or a video is even better. Here’s a house I’m working on, you know, here in Newport, North Carolina. And then it’s called seeding or just, you know, just laying planting a seed. And reference, I’ll say, and, you know, my private lender, invested x number of dollars, and they are ecstatic about the insane high rates of return they’re getting. And my call to action, I love my call to action. I just say, hey. You wanna talk money? DM me.
Jay Conner [00:24:52]:
You wanna talk money? DM me. So I planted the seed of the private lender, and that opens up that conversation. Michael, I love talking to you about your journey. Before we wrap up, any final comments or advice, and how can people connect with you? I mean, for goodness’ sake, if you’re watching this show or listening to it on a podcast, Michael is one of the most credible people that I know to do business with, and he’s looking to do more business with private lenders. So if you have investment capital and or you have retirement funds, and you’re just not happy with the volatility, or you’re not happy with the returns that you’re getting, I would highly recommend you have a conversation with Michael. So, Michael, how can people reach out to you?
Michael Hoang [00:25:37]:
So I mentioned it before. I’ll say it again. On Instagram at Michael B. someone. My Facebook will also show up in the show notes. But Jay’s audience is amazing. I’m giving out a number, my cell phone number, where you can text me directly. It’s (832) 301-9672. And I want you to text me.
Michael Hoang [00:25:57]:
Don’t call me. I get spam calls all day long, just like you do. Shoot me a text. If you do not want to, if you don’t wanna do that, then just DM me on Instagram and just say, let’s talk money at MichaelBeSomeone on Instagram. I’m stealing that from you, but we’ll forever give you credit, brother.
Jay Conner [00:26:17]:
Alright. That works. So, your cell phone number for texting, we’ll put that in the show notes. Again, if you’re listening, it’s area code (832) 301-9672. And that’s right, Michael?
Michael Hoang [00:26:30]:
Yes, sir.
Jay Conner [00:26:31]:
Alright. Alright, Michael. Thank you so much for joining me.
Michael Hoang [00:26:34]:
Loved it. We’ll have to get you on my podcast next.
Jay Conner [00:26:37]:
Alright. I’m ready. Well, there you have it. Another amazing episode of Raising Private Money. And, listen, you are one conversation away from making a huge impact in somebody else’s life. Therefore, I ask you, share this episode with someone that you think would have an impact on them and make a difference. You’re one conversation away from making an impact on somebody else. Share this episode and encourage someone that you know.
Jay Conner [00:27:08]:
I look forward to seeing you right here on the next episode of Raising Private Money with Jay Conner.
Narrator [00:27:17]:
Are you feeling inspired by the knowledge you gained in this episode? Then head over to www.JayConner.com/MoneyGuide. That’s www.JayConner.com/MoneyGuide, and download your free guide that shares seven reasons why private money will skyrocket your real estate investing business right now. Again, that’s www.JayConner.com/MoneyGuide to get your free guide. We’ll see you next time on raising private money with Jay Conner.
