Today’s episode sees John Casmon coming on as a guest. He is a multifamily real estate entrepreneur, marketing master, and the man behind Casmon Capital Group. He hosts the Target Market Insights: Multifamily + Marketing podcast. In addition, he is the co-founder of the Midwest Real Estate Networking Summit.
Casmon Capital Group is a company that helps busy professionals invest in real estate without taking on a second job. They’ve helped families invest close to $90M in multifamily apartments to create passive income, reduce their tax obligation, and foster generational wealth.
Jump into the episode as we talk multifamily real estate, valuable marketing insights, and why private money is just what your business needs!
Key Takeaways:
- Why using private money can change your life, not just your business.
- Private money is more flexible than hard money.
- John’s method of marrying institutional loans and private lending
- Instead of asking people to invest, tell them what you’re doing and ask if they know anyone who is interested
- Take advantage of FOMO because no investor wants to miss out on a great opportunity
- How do you address the fear of raising private money for the first time?
- The type of person John Casmon wants to work with
Check out my book: 7 Reasons Why Private Money Will Skyrocket Your Real Estate Business and Help You Build Incredible Wealth!
Get it here for FREE: www.jayconner.com/moneyguide
Connect with John:
Website: https://www.casmoncapital.com
Their Sample Deal Package: https://www.casmoncapital.com/sampledeal
Timestamps:
0:01 – Raising Private Money with Jay Conner
0:17 – Today’s Guest: John Casmon
2:35 – The Life-Changing World Of Private Money
6:31 – Private Money vs. Hard Money
10:57 – Self-Directed IRA and Private Money
12:32 – Jay’s Free Money Guide: https://www.JayConner.com/MoneyGuide
13:39 – How To Find Private Money Lenders
17:19 – Jay Conner’s Indirect Method
19:29 – Fear Of Missing Out
21:46 – In Private Money, You Are The One Who Creates An Opportunity
22:59 – The 3 Cs You Need When Raising Capital
27:47 – Leverage Your Connections
29:55 – Connect with John Casmon: https://www.CasmonCapital.com
How John Casmon Raised $7 Million In One Year
[00:00:00] John Casmon:
I’m realizing that my strategy for real estate investing was smart. But if I’m only relying on the company and the money I have in the bank, now we’ve got an issue. So I started to learn about working with other people’s money and raising private capital, and I ended up going down that path, and that changed for us because. I was able to keep looking for deals as opposed to waiting for me to have that money saved in my bank account.
[00:00:30] Narrator:
If you are a real estate investor and are wondering how to raise and leverage private
money to make more profit on every deal you and the right place on raising private money, we’ll speak with new end, 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.
[00:01:08] Jay Conner:
I’m your host, Jay Conner, also known as The Private Money Authority, and here on the show we talk about exactly what the title of the podcast is, raising Private Money. My guest today has raised $10 million in private. And his niche, his expertise is actually in multi-family and apartments, and thus, and so most of the private money that he has raised has come from busy professionals that want to be involved and invest in real estate without, taking on that second job.
[00:01:51] Jay Conner:
Finding deals, negotiating deals, and his private lenders want to sit back, just like my private lenders, be passive and receive high rates of returns safely and securely. In addition, his private lenders can reduce their tax obligations and build generational wealth by being passive investors.
[00:02:13] Jay Conner:
My guest was so kind to have me as a guest on his show, which is Target Market Insights, a multifamily Plus marketing podcast. It was just an amazing time being on his podcast, so you’ll definitely wanna check him out as well. My guest is located in Cincinnati, Ohio, and every day he’s helping professionals become private lenders.
[00:02:42] Jay Conner:
As they invest in his apartments and multi-family deals. In just a moment, you’re gonna meet my guest and my good friend, Mr. John Casmon, right after this.
[00:03:02] Jay Conner:
John, I hear it all the time from my real estate investing students and my colleagues that I network with that have raised a lot of private money. And what I hear from them is that their life and their career were transformed and changed by this world of private money. So how about sharing with me and my listeners?
[00:03:29] Jay Conner:
What happened? This is a multi-part question. What happened in your real estate investing career that caused you to explore and gravitate toward private money? That’s the first question. The second question is after you got private money, how did it change your business?
[00:03:47] John Casmon:
That’s a great question.
[00:03:49] John Casmon: First of all, thank you for having me here, Jay, I’m excited to talk to you and all your listeners about raising private money. And to answer your question, we have to go back just a little bit. So I have a background in marketing and advertising and early in my career, I had the pleasure of working at a great company, General Motors.
[00:04:06] John Casmon:
I was there from 2007 through 2000. , and if you remember that timeframe, unfortunately, the company ended up going through bankruptcy. So during that time, I was very anxious about my job. My peers were anxious about their job, and I wanted something that would allow me to make money outside of my w2.
[00:04:24] John Casmon:
And real estate’s the thing that came up. So I started my journey into real estate around that timeframe. Even though it took a couple of years to buy that first property, that’s what kicked off the journey. Fast forward to about 2016, I was investing in real estate, building up my portfolio and I bought an eight-unit building my wife and I just saved our money and bought a property.
[00:04:44] John Casmon:
We’d save and buy a property, but it took a year and a half, two years. Every time we saved, we would buy a bigger one. And we were having children, we had, our family was expanding, so we couldn’t save quite as much as we did in those early days. The second thing that happened in that timeframe, I had just bought a property.
[00:05:00] John Casmon:
So now I’m equity rich, but I’m cash poor cause all my money’s tied up in these deals. And the company I was working for also happened to go bankrupt. So here I am a second time now, this company is going under and I’m realizing that my strategy for real estate investing was smart.
[00:05:18] John Casmon:
But if I’m only relying on the company and the money I have in the bank, now we’ve got an issue. So I started to learn about working with other people’s money and raising private capital, and I ended up going down that path, and that changed for us because now. , I was able to keep looking for deals as opposed to waiting for me to have that money saved up in my bank account.
[00:05:39] John Casmon:
So now we can build a real business out of this. We could scale, and we could continue to hunt for opportunities as opposed to solely buying properties when we had that money involved in our bank account. So that was huge because. That allowed us to grow, that allowed us to share in the profit that allowed us to help other people, and insulate ourselves from a W2 job that I could potentially lose, or other changes in the environment or the economics.
[00:06:06] Jay Conner:
So what you’re saying is there are lots of reasons, that you started using private money. One big reason I heard you say to use private money is that it allows you to, first of all, enjoy out, enjoy going out to dinner where you want to because you actually can pay your credit cards instead of being rich in equity and poor in cash.
[00:06:25] Jay Conner:
So private money fixes your cash flow problem. I also heard you say private money allows you to grow and scale your business much quicker than relying on your own, liquidity, cash, and resources. So I hear this question all the time, John, and that is why don’t you just borrow the money from the banks?
[00:06:49] Jay Conner:
Why are you going to, private money and private lenders? Before you answer that question, John, let’s be very. Who are you talking about? Who is a private lender? What is a private lender versus, a bank or institutional money? and then follow that up with why don’t you just borrow money from the banks?
John Casmon:
One thing that’s great about real estate is you have a lot of flexibility in how you structure your deals. So for us, we don’t work with private lenders per se, but we do work with private investors. And for all intents and purposes, it’s the same thing, right?
[00:07:21] John Casmon:
The only difference is with the lender, they don’t have equity in the deal and they are getting paid a kind of structured return, but with an investor, they do have some level of equity in the deal. So they’re going to ride or die off with you in the deal. So for us, we typically buy multi-family apartments, and in those deals, the bank will provide a large share of the money needed.
[00:07:42] John Casmon:
So let’s say you’re doing a $10 million deal, let’s just say a million dollar deal for easy numbers. So if you’re doing a million-dollar deal the bank may do say 75% of that. So they’ll loan you $750,000, but you still have to come up with $250,000 yourself. Now the bank doesn’t necessarily care that it’s your money from your bank account.
[00:08:02] John Casmon:
They just want you and your team to have $250,000 equity. Into the deal. So this is where you can partner with other investors and raise that capital. Maybe you bring a little bit of that money, five 50, but maybe you raise the other $200,000 and you bring those individuals on. So we are talking to everyday professionals, and the reason that’s cool is I think some people assume that, hey, if you’re gonna go and raise money, you’ve gotta find other millionaires, people who have a lot of money in their bank account win.
[00:08:35] John Casmon:
That’s simply not true. You can raise money from everyday professionals just like you and me. People who love real estate or at least are intrigued by real estate, maybe they don’t know, the experience, the time, the patience, to deal with everything that’s involved with investing in real estate so they can join us, and invest in our deals.
[00:08:54] John Casmon:
They can become partner deals, but they’re not being a landlord. We take on all of those headaches and responsibilities so they get the benefits of investing in real estate without the headaches of being a landlord. And again, you can find lots of different people even people who don’t think they have the money to invest.
[00:09:11] John Casmon:
What we found is many of these professionals tend to change jobs and change their careers, every few years. What do they do with those old 401ks? Usually nothing. They’re still there. They’re sitting in an old Fidelity account or something like that, and those funds are just sitting there in whatever investment they were selected in.
[00:09:30] John Casmon:
You can take those funds from an old job, and four. You can roll them into what is called a self-direct ira, and you now take control of the investments. You can invest in real estate, you can invest in deals like this, and you can do private lending. There are a lot of options available. So a lot of times people just need to learn what the options are and they may have more access to capital than they think.
[00:09:53] Jay Conner:
So John, what you’re saying is the way you use private money on these commercial deals, multi-family apartments, are you will use and borrow bank or institutional money, say for 75% of the deal. But then you will, in addition to that, instead of having to come up with the other 25% on your own, you will bring in private lenders to the deal where.
[00:10:22] Jay Conner:
Perhaps along with yourself, but they will make up the difference of that a hundred percent that you need to borrow to make the deal work. So that’s a beautiful marriage made in real estate. You’ve got institutional money. You’ve got private money from individuals. Of course, when we’re saying private money we’re talking about doing business with human beings, private money, as you just said.
[00:10:48] Jay Conner:
They have money either in their investment capital or they have money in retirement accounts. A previous employer in 401ks, and, because of what you just said, John, that’s so important for us real estate investors to know what self-directed IRAs are. They’re also known as third-party custodians.
[00:11:08] Jay Conner:
I tell my real estate investing students that are wanting to raise private money. An action actual item you need to do is establish a relationship with a self-directed IRA company. So that when you’re talking with a new private lender that wants to get involved in real estate passively and they have retirement funds that they would like to invest, you already have a connection.
[00:11:31] Jay Conner:
You already have a relationship with a self-directed IRA company and a representative that you can introduce to your new private lender. Two to where they can transfer their retirement funds tax-free and penalty-free. Over to a self-directed IRA company to where they can then loan money out and invest in real estate.
[00:11:56] Jay Conner:
Again, with a pretty, conservative mitigated low-risk investment and mitigating, a lot of taxes along the way. I’ve got private lenders investing in my deals from the retirement funds that they moved over to a self-directed ira. I. One private lender that’s made $65,000 in one year, is tax-free.
[00:12:19] Jay Conner:
Not tax-deferred, but tax-free because of the type of retirement account that he had in the self-directed IRA company. So if you are listening to this show and you are a wannabe real estate investor, or you’re a seasoned real estate investor, with a hundred houses in your portfolio, or you’ve got commercial properties as well and you wanna raise money, or you wanna raise money from private lenders, then I’ve got a gift for you.
[00:12:48] Jay Conner:
I’ve got a brand new private money guide that I just recently finished writing. It’s called Seven Reasons Why Private Money Will Sky Rocket. Your real estate business and help you build incredible wealth. If you wanna learn about self-funded IRAs, you wanna find out how to find private lenders, then you want to download this private money guide absolutely for free at www.JayConner.com/MoneyGuide.
[00:13:18] Jay Conner:
That’s www.JayConner.com/MoneyGuide to get you as the real estate investor on the fast track to locating and getting all the private money you would want for your real estate deals. So, John, my next question is in dealing with these private lenders, first of all, where do you find them?
[00:13:43] Jay Conner:
You talked about you raised private money from individuals, from these professionals. My guess is you don’t walk up and down the sidewalks of Cincinnati with a sandwich sign on your back saying, Hey, let me tell you about private money. How do you find them?
[00:14:00] John Casmon:
That’s a great guess because I do not do that.
[00:14:02] John Casmon:
That would be a sight to see though, but yeah. How do you find the money? That’s a question that a lot of people have, and the real answer is this, most people tell you to start with friends and family, and I agree and disagree with that philosophy. I’m gonna start with the disagreeing part.
[00:14:20] John Casmon:
The reason is your friends and family are your friends and, it’s gonna be a little tough to invite them to invest with you and the relationship there. You’re gonna have to manage and navigate, and many of these people don’t know much about investing and maybe don’t have the means to invest.
[00:14:36] John Casmon:
With that said, you do wanna start with these people, and the reason you start with them is they know you, they trust you and they like you, but instead of asking them to invest, what I like to do is tell them what we’re. I show them how it works and then I ask them if they know anyone who would be interested in learning more.
[00:14:58] John Casmon:
I don’t necessarily ask them if they’re interested, but I ask if they know anyone who would be interested. What I’ve found is if someone themselves is interested, then they’re gonna say, why might be interested, or what about me? , and maybe you’ve created this sense of FOMO, that this was an opportunity that you know they’re gonna miss out on.
[00:15:17] John Casmon:
Or maybe they’re curious why you didn’t invite them to invest or be a part of it, but you want them to raise their hand and say, yes, I’m interested. If they’re not interested or if the timing’s not right or they don’t have the capital, what you’ve done now is you’ve given them the chance to think of someone else and maybe they can make an introduction, and the goal here is to expand your network.
[00:15:40] John Casmon:
So what you want from these people is a warm introduction. They may not be interested, but maybe they have a colleague, maybe they have an uncle, or maybe they have a friend. Maybe they have someone else in their circle that would be the right fit for you. Now, the key here is you have to help them understand the kind of people you’re looking to talk to.
[00:15:59] John Casmon:
Notice earlier when I talked about someone who had changed your job recently, those are the kind of people who may have an old retirement account, right? So I don’t know how much money they make necessarily, but if I’m talking to people who are busy professionals they tend to hang with other busy professionals, and if these people make six-figure incomes, likely the friends and the people they hang out with are also gonna make six-figure incomes.
[00:16:20] John Casmon:
So this is how you start that conversation and you can build from there. Once you establish that, you can go to more sophisticated approaches such as getting on social media and creating content and things like that. But I always start. Talk to your friends and family. Understand what it is that you are presenting to them and ask them for a warm introduction.
[00:16:44] Jay Conner:
John, are you sure your nickname is not Jay Conner?
[00:16:50] Jay Conner:
Brother. Lemme tell you something, brother. You just told my story. We got the same initials J.C. as well.
[00:16:55] John Casmon:.
There you go. There you go.
[00:16:59] Jay Conner:
But yeah, you just told my story as to how I got started in private money today. I call the method that you just described, the indirect method. I started using it.
[00:17:12] Jay Conner:
I didn’t know it had a title. I just intuitively started using it. And the way I raised my first private money you’re in multifamily. I’m in a single-family house. It’s all the same money, folks. It’s all the same money, whether you’re in a single-family, multifamily, or another type of commercial deal. Land doesn’t matter.
[00:17:33] Jay Conner:
It’s all the same private money. But when I started raising private money I went up to a gentleman at church on a Wednesday night at Bible study and I asked him if we could visit for a few minutes after Bible study. And he said, sure. We got together after Bible study. And here’s exactly what I said to him.
[00:17:53] Jay Conner:
I said, look, I need your help. And I’ve discovered John, that most people do want to help if they can. And I said I need your help. And I, I told him, I said, I’ve opened up my real estate investing business to people I know and trust, and I’m paying insane high rates of return.
[00:18:11] Jay Conner:
And when you run across somebody that’s like complaining about, the volatility of the stock market, Or, the stupid, low-interest rates, they can get on a certificate of deposit. Would you refer ’em to me? And he said exactly what you said. They say, John, he said what have you got in mind?
[00:18:31] Jay Conner:
And of course, he and his wife had investment capital that wasn’t earning hardly anything at the local bank. Then, the stock market was so volatile. They had been living through that. and they became one of my very first private lenders by me just asking them for their help to spread the word.
[00:18:50] Jay Conner:
I’m looking for those individuals. One thing, that I hear people say all the time is, that ugly word fear, that four-letter word, F E A R. The fear of rejection. When you frame it right.
[00:19:06] Jay Conner:
First of all, I never ask for money. I never ask for money directly. I teach people what private money is and then of course, by nature they want to help. John, you and I are two peas in a pod with the same approach and the same experience when we started. And I still do the same today. Now you said something a moment ago.
[00:19:23] Jay Conner:
That might have flown over someone’s ears, and I don’t want ’em to miss it. You said that when you’re talking to somebody, you evoke F O M O. Tell our audience what in the world is FOMO. And what was the context you talking about?
[00:19:41] John Casmon:
FOMO. Yeah, that’s the fear of missing out. Okay. And part of what you want to do when you’re talking to people and you don’t wanna mislead them or overpromise, but when you have great deals or great opportunities, and you’re making money in real estate the people wanna make money with you, right?
[00:20:01] John Casmon:
So when you share these opportunities, you wanna let them know that, hey, you’re talking to multiple. , you’re talking to people, you’re not asking them for money. You’re reaching out, you’re building your network, you’re sharing this opportunity with people, and it’s up to them to decide whether or not it’s a fit for them.
[00:20:17] John Casmon:
But as they’re making that decision, One of the things that they’re gonna be thinking about is that they don’t wanna miss out on a great opportunity, particularly when the market is uncertain and they know what their current investments are doing, and if they could invest with someone they know that can help them grow their portfolio.
[00:20:38] John Casmon:
It’s a great choice. So that’s what we’re talking about. And I love the point you made, Jay, about not asking for money. And you’re right. We are the same way. And the thing that’s cool about this approach, is that it doesn’t matter if you’re buying houses, apartments, hotels, or whatever.
[00:20:55] John Casmon:
Private money is private money. And with private money, you have to be the person creating the opportunity. And if you’re creating the opportunity, you’re inviting other people to join you. And by inviting people to join you, you’re gonna create that FOMO. You’re gonna create that energy where people wanna work with you because they know that they can know and trust you, and you’re gonna do everything you can to make that deal successful.
[00:21:21] John Casmon:
And that’s a really important aspect of this because if you’re asking people for money, now they have questions about how the deal is good, or how good this deal is if you have to walk around asking people for money versus taking the time building your network and creating opportunities for these people to join you.
[00:21:40] John Casmon:
So it’s always about really creating the opportunities, finding good deals, putting it together, and then having those conversations with the right people so you can add value to them and their. ,
[00:21:52] Jay Conner:
What year did you start raising private money to where you had your first private lender?
[00:21:57] John Casmon:
I think 2017 oh. We had been investing since 2012 so about five or six years. Everything by ourselves. After about five or six years, we started working with other investors and raising money.
[00:22:11] Jay Conner:
One, question. one fear. One fear that I hear real estate investors voicing all the time. Now, this is in the realm of single-family houses.
[00:22:24] Jay Conner:
So I know you’re in the Multi-Family and apartments, but how would you address this fear and this question? I’m a brand new real estate investor. You hear the question already coming, John. I’ve never heard of private money, even if I know how to structure it, even if I know how to protect everybody who is going to loan me money and come into my project, and it’s my very first deal and I’ve never done a deal.
[00:22:59] John Casmon:
Listen, that’s a great question and it makes a lot of sense on the surface, right? When you’re a new investor, you don’t have a track record. Why would people wanna invest with you? There are a few things and what I would say is we always start with the three Cs when it comes to raising capital for deals.
[00:23:15] John Casmon:
That first C is confidence. , okay. Confidence cannot be fake. You cannot manufacture it. We’re not talking about fake hubris. I’m talking about the only confidence that comes from putting in the work. So just because this is your first actual deal doesn’t mean that you have been preparing for this. If you.
[00:23:33] John Casmon:
Listen to this podcast. If you have Jay’s book, if you’ve been attending seminars and workshops, if you’ve been underwriting deals, if you’ve been attending events, you have been preparing yourself, you have been putting in the work, and all of that counts to your knowledge. Everyone has to do something.
[00:23:48] John Casmon:
The first time surgeons have to do surgery the first time, they have to prepare a lot before they walk into that room though, right? So you still have to prepare and you have to have that. Based on your preparation. So that first C is confidence. The second C is credibility, and this is where having mentors come in have been on a team, having surrounding partners, having other investors potentially, but that credibility, yes, it may be your first deal, but that doesn’t mean you walk this road alone.
[00:24:17] John Casmon:
Have someone in your corner who can help you navigate that and don’t be afraid to share that with people. Yes, this is my first deal. That’s why I also have this other person on my team. They’re gonna help make sure everything is above board and we’re doing everything the right way. Here’s my attorney, here’s my property manager, here’s anyone else that I wanna call out on my team.
[00:24:34] John Casmon:
But you wanna highlight the credibility that you’ve built as a team, not just by yourself. Then Atlassian’s connections. Again, if you’re talking to someone who doesn’t understand reality. Maybe they’re gonna need a little bit more time to get comfortable, but other real estate investors are gonna see it and know it, and they’re gonna identify a good opportunity.
[00:24:51] John Casmon:
So part of it is also recognizing who’s gonna be more likely to work with you. Those people who already know and like you, and they trust you. Maybe they don’t know you as a real estate investor, but if you’ve had other successes and credibility with others. Business as an attorney, as a doctor, if people see you as someone credible in that space, they’re gonna be willing to take that bet on you because they know that you are a person who figures things out.
[00:25:17] John Casmon:
So it’s better to have the ability to figure things out and be resourceful than to just look back and say, Hey, for 10 years I’ve been in real estate. So if you have the confidence that only comes from putting in. The credibility that comes from, having won, but also the team that you’ve established and then the connections, the network to go out there and talk to people. You will be successful even if it is your first time.
[00:25:39] Jay Conner:
John, I’ve been the host of this show for many years. I have asked that question many times and your answer is absolutely the best answer to that question I’ve ever had. You nailed it, man. And I love the three Cs. That’s so easy to remember the confidence.
[00:26:00] Jay Conner:
And as you said, you can’t fake confidence. You either know what you’re talking about or you don’t know what you’re talking about, whether you’ve done your first deal or not. I love it. Confidence, credibility connections. And you know that credibility is like you said, you got on your team, you got your real estate attorney in place.
[00:26:17] Jay Conner:
You’ve got your coach or your mentor in place. It’s if you’ve never done a real estate deal before, you better have a coach or a mentor on your team to be watching out for you. I don’t care how many seminars or how many books you’ve read, have somebody on the team, like John just said, that has walked through the minefield and you.
[00:26:43] Jay Conner:
Another way of saying what you just said is to leverage your relationship. Leverage your connections. I’ll have new real estate investors working with me and they’ll ask me that question. They say, Jay, I’m like, brand new. I said Goodnight. Who in the world is your business partner? His name is Jay Connor.
[00:27:00] Jay Conner:
And Jay Connor has rehabbed over 450 houses. In this world of single-family houses, and so when somebody says, what’s your experience? You can honestly say me and my team have rehabbed over 450 houses, and if there’s a mistake that has been made, it’s already been done. Leverage your relationship.
[00:27:19] Jay Conner:
John, thank you for nailing that question,
[00:27:23] John Casmon:
Absolutely. And it’s a tough one and I, to your point, I get the question and it’s the thing on many people’s minds, and it’s hard for us as Americans in particular, because we are taught in school that we do our work, right? You go to school, you’re tested on what you know, you’re not tested on.
[00:27:42] John Casmon:
What your friends know and what the team you can put together knows or what the experience they have. But in business, it’s not you by yourself. It’s a team sport and you can rely on someone like Jay and lean on the experience he has. But the one caveat I say to that because I see people who sometimes will go out there and say, oh, we’ve done X, Y, Z.
[00:28:04] John Casmon:
But they haven’t done much just make sure you’re clear that you want this person on your team. You want to work with your cultural mentor. You wanna work with that partner. You wanna make sure they’re looking at the deal and giving it the blessing or giving you the feedback. Don’t just borrow their resume and then run off and make mistakes because that defeats the purpose.
[00:28:25] John Casmon:
The point is to have relationships with these people. Make sure you’re checking in, make sure you’re asking them questions. Their knowledge, their expertise, the experiences that they have, it’s only gonna make life easier for you. So you want these people in your corner, not just for the resume, but to be able to tap into that knowledge and expertise.
[00:28:46] Jay Conner:
John, I’ve got thousands and thousands of people listening to the Raising Private Money podcast. Who in my listenership and audience would you like to connect with? and what type of person would you like to connect with and how can they
[00:29:02] John Casmon: connect with you? Yeah, there are two types of people we like to connect with all the time.
[00:29:07] John Casmon:
One’s going to be a passive investor and that’s gonna be a private money investor, private money lender, someone looking to maybe get into multi-family but not do it where they’re hands-on. So if that sounds like you or you wanna learn a little bit or maybe just diversify a little bit of what you’re already doing, I’d be happy to talk.
[00:29:25] John Casmon: You can just go to our website, www.CasmonCapital.com. On there, you’ll see a link for our new investors. You just click that set up some time for us to talk and I’d love to chat with you there, John,
[00:29:37] Jay Conner:
Before you give the second one I wanna spell your website. So that is www.CasmonCapital.com
[00:29:59] John Casmon:
And the second is an active investor. If you’re out there finding deals, you’re crushing, maybe single family, you wanna add some multi-family to your portfolio, but you’re looking for someone to help you just navigate the nuances of investing in larger multi-family deals, I’d be happy to talk to you as well.
[00:30:17] John Casmon:
You can go to the same website, www.CasmonCapital.com and you can find information. One thing that we have on our website that may be helpful for both of those groups is a sample deal package. And the sample deal package is great because it allows you to understand some of the terminology, and the deal structure, which could be a little different than just private lending.
[00:30:37] John Casmon:
It also helps you understand the kind of information we’re looking for when we’re doing a deal. So whether you’re passive and you wanna understand what should you be looking for before investing, or you’re an active investor and you wanna put your deals together and you try to understand what kind of information you want to share with investors, this will help you look more professional and it’s gonna help you understand the business at a higher level.
[00:31:00] John Casmon:
So go to www.CasmonCapital.com/sampledeal and you can find that sample deal package.
[00:31:07] Jay Conner:
John, thank you so much for taking me the, taking the time to join me here in raising private money.
[00:31:12] John Casmon:
Absolutely. Jay. Hey, thanks for having me. Great conversation and I hope people are out there and they feel more comfortable and confident going out there talking to their network to raise private money for their real estate deals.
[00:31:24] Jay Conner:
Absolutely. There you have it, my friend, another episode of Raising Private Money. I need your help. If you found this episode valuable, and I’m sure you did, be sure to follow. If you’re listening on iTunes, if you are watching on YouTube, be sure to click that and subscribe so you don’t miss out.
[00:31:46] Jay Conner:
And also share this episode with your friends and family. For those that would benefit from it as well. I’m Jay Conner, The Private Money Authority. Wishing you all the best. Here’s the taking your real estate investing career to the next level, and I’ll see you right here on the next Raising Private Money.
