Dave Payerchin Built his Multi-Million Dollar REI Business with Private Money Part Two

Jay Conner

Nov 28 2019

Dave Payerchin Built his Multi-Million Dollar REI Business with Private Money Part Two

Watch on YouTube: https://youtu.be/JYCZRJz69A8

Dave buys off market properties. His portfolio is over 100 single family homes. He has raised and repaid over $10 million.

#1 single family homes aquisitionist in the USA.

What mistakes do most RE Investors make?

They do not understand the sellers' needs. They focus on Price. What can they get the house for, instead of what does the seller need? Make an offer that meet the sellers' needs.

Dave, 37, started in 2005. He began in Wholesaling at 26 years old. He lost everything as he did not understand cashflow.

Now he buys rentals with Private Money. He has over 100 single family homes under management.

How Dan raises Private Money.

A private lender is a person who has/had a high income and now are retired. They want to be a passive investor. They have liquid assets.

A turn key sale is a renovated house that another investor wants to buy from Dave and rent it out. Dave woudl then manage the house for the buyers. He would go to California and sell rental houses in Ohio to California.

How Dave finds off market sales.

Quote:

Better to be a sniper than a shotgun.

The value of the rent has to make sense.

Dave slows down the conversation as he talks with a seller.

REI who is starting out should find a Mentor and add value to their Mentor. Then show up and help your Mentor as you learn.

Instagram @TheRealDaveP

Presently, he has 4.5 million in Private Money.

Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/

Free Webinar: http://bit.ly/jaymoneypodcast

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 $64,000 per deal.

What is Real Estate Investing? Live Cashflow Conference

https://youtu.be/QyeBbDOF4wo

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