How to Attract $5 Million of Private Money in One Year - Part Two

Andrew and Aaron Schlag have been in real estate investments for the last 4 or 5 years. They left construction to go into real estate investing.

They have raised $6 million in Private money since taking Jay Conner's 'How to Find the Money' seminar. Most of their lenders are looking for a good return, but is safe and secure.

They pay 8-10% annually on their private money. The average 12 month CoD is 0.8%.

Their goal for 2019 is to raise $15 million.

The funding will go to multiple commercial projects. They do a lot of rehabs in single homes. They are working on self-storage deals.

Annually they average 50-60 single family deals. They wholesale about 10% of the homes. Andrew talks about the difference between wholesaling and rehabbing.

Average Retail $150K home
Average Rehab

They buy a lot of tax sales.

How do they find the deals?

Lots of Facebook ads and online ads. In Indiana, they find a lot of tax sales. Word of mouth as people have heard of them and what they do. Bandit signs are very effective.

They live in an area of half a million people.

Tax Sales

They discuss the importance of a good lawyer and a good realtor.

Advice:

Always work hard. Push through the 'No's.
Get on the phone. Always follow your system.

Their Biggest Mistake:

Be careful who your partners are.

The Schlag Bros

Twitter: @theschlagbros

Instagram: theschlagbros

If you are interesting in getting high rates on your investments contact them at theschlagbros@gmail.com

812-303-8209

Share or Bookmark This Post...
  • del.icio.us
  • Digg
  • Facebook
  • Furl
  • Google
  • LinkedIn
  • Mixx
  • MySpace
  • StumbleUpon
  • Technorati
  • TwitThis
  • YahooBuzz
  • YahooMyWeb