05: How To Raise Private Money For Real Estate Deals Like The Pros |Keith Yackey

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Today we are joined by Keith Yackey. Following the death of his mother Keith decided he was going to live life with no regrets and started his first business. In this interview Keith talks about raising money for real estate deals, the psychology and language behind raising money and why success without joy is failure.
About Keith: After building an 8-figure investing firm within two years Keith has gone on to teach thousands of other investors on the biggest stages in the country how to do the same. Keith has founded multiple companies with one focused on specifically teaching people how to raise money for their real estate deals.
Keith now spends most his time on his passion project The Amplified Life. Here he helps people find their mission, message, passion and purpose and how they can make profits with that passion. Recognizing that profits are not everything, Keith always stays true to his mantra “Success without joy is failure”.
What you will learn:
When starting out what were some of the challenges Keith saw other people experiencing and how was he able to avoid those challenges? (8:01)
How does Keith alleviate the fear from people who think they don’t know where to find money to finance a deal? (11:20)
What are the three things that hold people back from raising money for a deal? (14:41)
How should people structure deals so they are win-win for both sides? (17:32)
Some of Keith’s language he uses to raise money. (18:20)
How should you present the numbers to potential investors? (26:31)
What are the two typical types of investors that will invest in your deals? (32:35)
Where are the best places to find potential investors? (33:32)
Where can a new investor get proof of funds? (41:00)
Now that he has financial freedom what is Keith’s mindset and what brings him joy? (48:01)
Quotes:
“Find a mentor, find a model and just mirror it.”
“Confidence comes through preparation.”
“Three things that hold people back from raising money. Credibility, content and confidence.”
“Investors only think about three things: How much do I have to put in, how much am I going to make and how long is it going to take?”
“Whatever you are looking for you will find”
“Don’t give away more than you have to. Ask them: Based on this opportunity what would you look to make as a fair return?”
“Surround yourself with the best people possible, even if you have to pay for it. It’s the best investment you’ll ever make”
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Connect with Keith: His Website: https://keithyackey.com/ His Passion Project: https://theampedlife.com/3pillars Proof of Funds company: http://bit.ly/POF6FF Private Money Process: http://bit.ly/PMPro6FF