How Private Money Works for Real Estate Investors | Stephen Nagy on Finding Lenders and Funding Deals

Stephen Nagy (00:00)
Yeah, the dating site for money. so Private Money Club was really founded out of two specific problems. And most great companies start with some kind of problem that’s being solved, right? So, you know, I was sitting in Phoenix, Arizona, actually was in Scottsdale, Arizona with my business partner, Chris Naugle If you guys don’t know Chris Naugle, he’s been known now for the last decade as America’s number one money mentor, travels all around the country, had an HD TV show called Risky,

risky flippers. And so he’s been all over the scene for many, years. And we were sitting in Scottsdale, Arizona, his name’s Chris Nagle. were sitting there and Chris goes, Stephen, you know, I’ve had this kind of idea. so we started talking and he starts drawing a circle on a napkin and a bar. How many great companies start with a napkin and a bar, right?

Cody Crabb (02:19)
Welcome back to the Real Estate Pros podcast. I’m Cody Crabb with Investor Fuel. Today we’ve got Stephen Nagy, co-founder of Private Money Club, a platform he describes as a dating site for money, connecting real estate investors with private lenders. We’re gonna break down how private money actually works, how to find strong deals, and how to think about capital like a pro in today’s difficult market. Stephen, thanks so much for joining us today.

Stephen Nagy (02:43)
Hey, what’s up, Cody? Yeah, thanks for having me. I’m looking forward to this.

Cody Crabb (02:45)
For sure. So I’d love to start out with a quick origin story. How did you get into real estate and how did that how did you get from there to where you are today?

Stephen Nagy (02:53)
Yeah, great question. know, so coming out of college, you know, I grew up in a small little town in the country in Virginia, actually, and place where you kind of leave your doors open. You know, lot of my friends from back then, you know, still live in that area and never really got out much. But I decided after college to move down to Southwest Florida to the Fort Myers, Cape Coral area, if anybody’s familiar with that area, but moved down there, didn’t really know what I wanted to do. Started actually selling cars.

Lincoln dealership because I knew a little bit of sales. My dad had a used car dealership when I was in high school growing up so I was kind of around the business so I needed a job so I figured I’d go do that and while I was working at this Lincoln dealership I met a co-worker of mine actually who had just retired from a company called American Express Financial Advisors and he was a financial advisor and so we would sit around if you’ve ever been in the car business there’s a lot of downtime you’re always sitting around not really knowing what’s going on and so we would sit around and

talk

and you know was young at the time in my early 20s and you they always asked me like Stephen you seem like a smart guy like what are you what are you gonna do with your life like you don’t want to sell cars your whole life right I’m like I don’t know we’ll see so long story short you know this led to that and the guy who just retired actually said listen he said would you be interested if I could get you an interview would you be interested in you know looking at the path of being a financial advisor and at the time I didn’t know the difference in a stock a bond what a mutual fund was I mean a lot of us probably a lot of

you listening we aren’t taught financial education we’re not taught true financial strategies you know in high school in college and so I didn’t know where

Cody Crabb (04:28)
Very true.

And even if we were,

would we really absorb it? I mean, I know what you mean. We don’t put an emphasis on that at all.

Stephen Nagy (04:35)
Right absolutely and that’s a big part too when you’re young you’re thinking about sports and chasing women and having fun right and so you know even if we were taught that stuff we probably wouldn’t listen anyway and so you know I said all right well that sounds cool he’s like you know go read this so he gave me a book to read I read a book called Liar’s Poker which if you get the opportunity read the book really cool book.

Cody Crabb (04:55)
I will say we often get, read a book when

I was younger as an origin. This is the first one I’ve ever actually heard, first time I’ve ever heard that one mentioned. So, love to hear more about it.

Stephen Nagy (05:03)
Okay yeah, well I was sponsored

by Michael Lewis who’s an incredible author. wrote Moneyball along with many other books over the years. But anyway, so I read this book and this was back when like Boiler Room was just coming out a few years prior, things like that. So you know all the cool books about the stock market and being a stockbroker. So that was like my whole thing was like, hey that sounds pretty cool. So again, long story short, I got interviewed. They sponsored me to go get my licenses. So I got fully licensed, Series 7, 66. And I went to work. I was going to be this cool

stockbroker

and financial advisor and I quickly realized it was a grind. I was working 60, 70 hours a week. was learning a lot while I was trying to figure out how to be a financial advisor, which really, you know, until you’re a financial advisor for maybe five, 10 years, you really are more just a salesperson. You’re just selling what they tell the company sells you to tells you to sell. Like you’re selling their products or focusing on stuff. And so, you know, you know, I did that for a couple of years, but in the meantime,

I actually had just bought a house with my cousin and my cousin had also just got out of college and he started traveling for the seminar company. Now this is going back to the mid 2000s, 2005, 2006 and this company that he went to go work for was a real estate investment seminar company. Now how many of you on here listening right now got into real estate through some type of real estate seminar? I would bet you Cody there’s quite a few people that have.

Cody Crabb (06:28)
Either

that or Rich Dad Poor Dad.

Stephen Nagy (07:18)
Well, I’m coming to Rich Dad poured out in just a second. So anyways, so I saw my cousin travel the country, do all this cool stuff. Like I said, I grew up in a small little town in Virginia. I didn’t really, I had never been anywhere really never saw anything cool. So I’m killing myself working 70 hours a week, cold calling hundreds of people a day. He’s traveling all the money. I’m like, this looks so cool. And so finally they’re like, Hey, Stephen, and at the time we had just started doing some real estate together because outside of being a financial advisor,

Cody Crabb (07:20)
You

Stephen Nagy (07:44)
It just opened my mind to you who are these wealthy clients that our firm is working with and I started to see common themes a lot of them were involved in real estate and had real estate and owned real estate in their portfolios and so when he went to go work for this real estate education seminar company you know he was like hey Stephen let’s go start applying some of this stuff that I’m learning this is so crazy there’s like a fly flying around me Cody I’ve never seen a fly in my office ever and we did so we just had a

Cody Crabb (08:07)
Let’s see. We’ll see if it makes a comeback. Yeah.

Stephen Nagy (08:14)
party

this weekend for the Masters here. I can show you guys my office. I have a really cool office in Hobe Sound, Florida, which is right off of Jupiter Island, a beautiful place and have a cool office here. just had a big party for the Masters. Anyway, so one must have got in here and they didn’t quite clean up freely enough. anyways, going back to the seminar company. So we started doing some houses. We started wholesaling. You know, that’s what both of us, we didn’t have a whole ton of money at the time. We wanted to learn the marketing side. I’m sure Cody, you guys probably have a lot of people that start with wholesaling and we’ll get to more of

that in just a second as well and why private money club came about. know how we can help that person but so we started doing some wholesale deals then we got into some flips then we started acquiring a couple rentals and so the more real estate they did the more I was like man this is really cool and started learning more about just entrepreneurship and all the tax strategies that go along with being a real estate investor and just everything controlling your future controlling your money you know everything that real estate allows you to do and then you know you’ve taken even further down the road learning you can do this stuff with

with retirement accounts and leads me to what we do today with whole life insurance policies and we’ll get to that. you know, long story again, sure, third time now, Cody, but see, can talk for, you told me 15 to 20 minutes. This could be a six hour talk we have here, Cody, but we’re gonna focus in, we’re gonna focus in, all right? So I’m getting there right now. I started, so I said, all right, and it was a hard decision because it was very difficult to obtain my securities licenses, series 766, but I said, you know what? I’m gonna quit my

Cody Crabb (09:27)
Hey, that’s what editors are for. No, just kidding. Yeah.

Stephen Nagy (09:42)
as a financial advisor, I was working with the Merit Prize financial and I said I’m gonna go travel and I’m gonna start really learning real estate firsthand from the people I’m traveling with, from our students. I’m gonna learn along with them. I’m gonna meet these incredible people because at the time the company he was working with had just partnered with Robert Kiyosaki. So if you guys remember back in the late 2000s Robert Kiyosaki launched his Rich Dad Poor Dad real estate education seminar company and we partnered with them to provide the

sales and the education for everything that Robert was doing. So I had the opportunity. Yeah, no, it’s great. mean, so I had the opportunity to meet Robert, travel with Robert. I spoke on stages with Robert now, very incredible guy who’s very influential as well for me, you know, making, Hey, this just makes all the sense in the world again, cause I came from, you know, the small little town in Virginia and kind of, you know, understanding like, Hey, there’s a big difference between people that are successful, what money looks like to people and just everything around it. And so, you

Cody Crabb (10:16)
That’s so funny that I happen to bring up Rich Dad for that.

Wow.

Stephen Nagy (10:42)
I still, the more I got into real estate, the more I realized what I like to do in the business and what I don’t like to do in the business. But that’s the beautiful thing about real estate investing Cody, right? Is there’s so many different aspects of real estate. You can be an active investor. You can be a passive investor. You can be, you can get into flips. You can focus on marketing with wholesale. You can own rental properties. You can do notes. You can do land. You can do development. You can do commercial. You know, there’s so many different types of real estate out there. And so over time, you

of realize what you like to do and what you don’t like to do. And I don’t know about you guys, but I quickly realized that I do not have the talent and I do call it a talent to be able to walk into a property and say, okay, let’s move that wall. Let’s do these kinds of countertops. Let’s do this color paint on it. Let’s do this flooring. Like I just don’t have that talent. Right. And to me that’s a talent. And so, you know, I’m great at going in and evaluating and kind of understanding markets. love the money side of the business. I love the education side of the business. So

⁓ over the years again I’ve been doing this now for almost 20 years over the years I’ve just realized what I like to do and what I don’t like to do. So I love what real estate provides for opportunities. I really love the money side of real estate and I really love educating people in real estate and so today what we do is we focus I focus all of my time on the money side of real estate the opportunities the people side of it as well as the educational side of it and that’s where we are today with our company Private Money Club.

Cody Crabb (12:09)
Well, so that brings me perfectly into tell us about Private Money Club and I would love to hear I know a little bit because you explained to me a little bit but tell our audience who’s been probably dying to know why do you call this the dating app for money?

Stephen Nagy (12:56)
Yeah, the dating site for money. so private money club was really founded out of two specific problems. And most great companies start with some kind of problem that’s being solved, right? So, you know, I was sitting in Phoenix, Arizona, actually was in Scottsdale, Arizona with my business partner, Chris Naugle If you guys don’t know Chris Naugle, he’s been known now for the last decade as America’s number one money mentor, travels all around the country, had an HD TV show called Risky,

risky flippers. And so he’s been all over the scene for many, years. And we were sitting in Scottsdale, Arizona, his name’s Chris Nagle. were sitting there and Chris goes, Stephen, you know, I’ve had this kind of idea. so we started talking and he starts drawing a circle on a napkin and a bar. How many great companies start with a napkin and a bar, right?

So he literally starts drawing this circle and he goes, at the end of the day, if you think about it, when it comes to real estate, there’s two types of people. And you can tell me which one you are right now, but there’s people

that have money, meaning somebody that has money that’s actively looking to keep that money moving in real estate transactions, if they know what they’re doing, or maybe they’re moving out of the stock market, moving out of traditional investments, controlling their money. You know, they want to start putting it into alternative investing, things like real estate. Okay. And then the other half of that circle, if you want to take a coin, a quarter, the other side of that coin are people that need money. Okay. So active real estate investors that are doing wholesales that

like hey if I just had the money I could do this flip myself and instead of making five or ten on a wholesale deal I can make 50-60 grand I’m doing the flip myself if I just had the money or hey I’m doing a flip or two right now but I could do five or six flips every month or every quarter if I just had more money and almost all real estate investors get to the point where hey if I only had the money or if I only had more money I could do more deals and make more money myself and so

those are the two sides of the coin. the end of the day, that’s who everybody either have money or you need money, except there is a third side of that coin. If you think about it, which is the edge, the outside rim of that coin. And so we drew this circle and we were like, okay, one side are borrowers, one side are lenders. And that outside edge is what brings those two together, which is the platform, the education, the resources, the tools to allow all of that to occur. So we sat in that bar in 2020, 2019 actually,

having that discussion and really it came from the problem of we at the time and Chris and I were in the same position at the time we started to sell off some of our rental properties for whatever reason Chris was just tired of them for myself I felt like we were approaching the top of a market because I had bought a lot of property back in 2010, 11, 12 when things were very very low and so they had appreciated it a lot so was like if I can sell now maybe I could do something else so we were both sitting on some money getting out of these

deals, well where can we flow that money to keep it moving without having to actively be involved in it? And so, you know, at the time it was like, man, I have to either go to these real estate investment associrea meetings. I’d have to go and network at masterminds to kind of find real estate investors that I might want to my money to. And it was kind of an issue. There wasn’t an easy place just to go find people actively looking for money. And then on top of that, our other business, Cody, were the, you’ve, have you ever heard of the infinite banking concept?

Cody Crabb (16:18)
Mm-mm.

Stephen Nagy (16:18)
Okay so the infinite banking concept what we call becoming your own banker. It’s one of the most powerful strategies that I’ve ever seen. ⁓ know as a financial advisor, as an entrepreneur, as a real estate investor, becoming your own banker is the foundation for everything that we do with our money. And basically just 30 second rundown it’s taking a specially designed and engineered whole life insurance policy with a mutually owned insurance company and funneling all of our money through it. take a whole

Cody Crabb (16:23)
Hmm.

Yeah, please do.

Stephen Nagy (16:47)
life policy and we basically chop it up and turn it into a banking system. And so I can put my money into this whole life policy immediately pull back out almost all of my money within just a few weeks and get that money out there into investments and making more money for me. But once the money’s in that whole life policy even when I’m taking it out and using it it’s now in there for the rest of my life compounding and growing guaranteed every single year 100 % tax free. So now every dollar I make I’m making money on twice because

I have it in this policy compounding and growing tax free guaranteed and I’m simultaneously using it for other things whether it’s paying down debt, major purchases, investing in real estate, private lending, whatever it is. So that’s our number one business that we first started with and we’re the number one provider of infinite banking policies in the entire United States of America. So our entire thing Cody is we teach people how to take back control of their money and solve your money problem. And so the problem that private money club was solving was once we

teach people to take back control of their money. We help you pay off your debt faster while still building wealth. Well, now you have all this money built up in these whole life insurance policies, or maybe you’re controlling your retirement accounts. You’re moving it out of 401ks and IRAs into self-directed retirement accounts. Well, now that you have control of that money, well, what do you do with it? And we had that problem. Our clients were like, listen, we don’t want to get back into the stock market. I don’t want to go back to my financial advisor. You guys taught us to control our money, pay down debt, but I have a full-time job.

I like my career. I don’t want to go actively flip real estate or actively buy rentals. Well, what’s the solution? Private money lending. When you act like the bank, and that’s our little thing, becoming your own banker. You’re going to becoming your own bank, becomeyourownbank.com. We’re all over the place. And so you can go there. And so once you control that money, you need to be able to move it. And so because of that fact right there, we are able to solve that problem for the clients that they can go out there now and go on to the privatemoneyclub.com

platform

they could start finding deals, finding operators, finding investors that they might want to lend their money to and boom that’s where the magic happens. And so we call it the dating site for money because it’s literally just connecting people that have money with people that need money and the platform, the resources, the tools, the education to make that happen and it’s a beautiful thing.

Cody Crabb (19:47)
So give me the low down. I’m imagining that it isn’t literally swipe left and swipe right. ⁓ Maybe it is, I don’t know. How, is it?

Stephen Nagy (19:54)
I love that said that. love that

because our original app was that. It was literally the Tinder of money. You went on and somebody posts the deal and you can either swipe left if you like it. It would save it and allow you to message them or swipe right or whatever, vice versa. I’m happily married so I never use Tinder. It was after my time, but this is what I’m told. And so that’s literally what it was, but we came to find out very quickly that apps are not the easiest things to maintain and develop. So we did transfer more to an online platform.

Cody Crabb (20:11)
Hehehehe

web.

Stephen Nagy (20:23)
mobile site now, it’s not a true app. in the future, maybe we’ll get back to the swipe left and right, but that’s essentially it. But no private money club.com. There’s a whole community forum, but the deals section is where you go on the deals and you can look at deals that that investors post and everyone on here right now can go to private money club.com. Start a free account is a free membership that allows you to post a deal, start interacting a little bit. Now there is a paid membership known as a premier membership. If you’re really serious and really want to start lending or borrowing that’s

what you’re gonna want to do but check it out go on free account just make sure your profile looks good that’s Cody one thing I would suggest everyone huge huge huge tip here just like in person so we’ve moved to this digital world right where you know it’s beautiful like we can I could do this interview with Cody he’s out in Utah I’m in South Florida it’s like we’re right here in person with you trouble it’s awesome you guys can listen to it wherever around the world that you are it’s really cool but we do lose that personal connection you know just a little bit so we just love doing live

events we do those all the time things like that it’s a whole different story but on the site the way I look at it is your profile that’s set up is kind of like that first impression you know when you give somebody a handshake you want to do the nice firm handshake and not be noticed the wimp handshake guy right so you want to do that with the profile you want the good picture you want the good bio you want that be that good first impression so set up the free account set up a nice profile and that’ll put you ahead of a lot of other people just to start with

Cody Crabb (21:48)
Talk about

a dating app. mean, how many times have you sat around with your buddies and made sure your dating profile looks great? mean, yeah, like anyone listening to this that’s used the dating app is like, oh yeah, I mean, know that’s rule number one, of dating app 101. No, yeah, that’s true. It really is like your first impression, especially digitally there. So okay, who would you say is ideal to use this app? Like you said, there’s two kinds of people and that includes everyone.

Stephen Nagy (22:01)
Absolutely.

Cody Crabb (22:12)
But I would be curious, like who would be like, you in particular should be checking this site out.

Stephen Nagy (22:16)
Yeah, absolutely. You know, any on the borrower side, so on the active investor side, anybody that is looking for money to be able to do more deals. you know, what I see works best on the site are going to be single family, more like the quick flips. So three to six months, maybe nine to 12 months. most, you know, most terms that we see if you’re in it now, just to be clear, private money club does not get involved in the transaction at all.

So we are not vetting deals. We are not underwriting deals, but we are also not involved on the financial side. So we’re not charging points. We’re not charging any kind of fees to be involved, anything like that. There’s just a free membership. There’s an annual membership and that’s it. We have some education and coaching if you need help with best practices and how to ask for the money, how to present, know, create a presentation, you know, how to set the terms on the lender side, you know, what to look for and underwriting, you know, both the borrower and the

Cody Crabb (22:57)
You’re just making introductions.

Stephen Nagy (23:14)
deal itself, you know how the paperwork should be done as far as the mortgage or deed of trust and the promissory note. You know want to make sure obviously you have all that stuff proper and done right and if you need help with that we do have coaching available for that but for those of you that are just looking to use the site you know anybody looking for money you know very common on there I see in a first lien position like a 12 % annual rate you know it’s very common for a deal. In a second lien position it’s typically

second lien is usually a little more risk involved for the lender so maybe 15 % maybe a little bit more. You don’t see a lot of private lenders charging points. A lot of times a borrower might try and sweeten a deal by guaranteeing some interest like if they’re expecting a three-month deal maybe they’re off for like a six-month minimum or something like that so just some little things like that you can do but you know really anybody just looking for money on those types of deals. Now private money clubs probably not the best right now for like syndications, private

funds some of those types of deals but on the single-family on the longer term we have a lot of people in the slow flip community you know a lot of flippers a lot of wholesalers getting into flipping a lot of ⁓ mobile home parks you know people raising for mobile home parks some storage units I’ve seen on there recently so it’s a broad range and the other thing that as a borrower I’ll give one other tip if you’re able to allow more than one lender so maybe you have like two or three lenders that are all in first lien position

Now this is not legal in all states, so make sure you’re legal in your state. you know, if you can allow like if you have like me 300 grand on a flip, let’s say, if maybe you can have like three lenders at 100,000 each. I’ve seen that create a lot of success as well. So just being flexible. But the cool thing about private money is the terms are 100 % negotiable. It’s completely up to you. mean, and Cody, I’d like to talk about that for just a second. You know, what is the difference between hard money and private money? Because some of these sites out there connect

Cody Crabb (24:42)
Do your homework yet?

Hmm.

Please do.

Stephen Nagy (25:08)
to investors like PrivateLenders.com? Have you ever used?

Private lenders.com. So private lenders.com you would think is a private money site, but private lenders.com is a hundred percent hard money. Hard money is institutional money, meaning they have a buy box. You know, got to, they’re like banks. It’s easier than working with a bank, hard money, but you still got to fit within their box. You got to have the right credit score. It’s got to be the right type of deal. It’s got to be like term. They set the terms, they set the fees, they set the points with private money. It’s truly private money. It’s people.

Cody Crabb (25:17)
Sounds like it.

Stephen Nagy (25:40)
everyday people, teachers, we have teachers that are lenders on the site, have doctors, attorneys, business owners, just everyday people that have W-2 jobs out there that are just looking to do something different with their investing. And so because it’s truly private money and they’re just individuals lending to each other, it’s all negotiable. So whatever works for that deal. And the other thing that I’ve seen that makes a big difference upfront is as a borrower, you might need to give up a little bit more,

give more interest or give more incentive on the first deal or two until you develop trust. Cause remember everything in real estate is risk versus reward. So you always want to think like the lender. if like this is a new relationship between me and Cody, you know, I’m to be very like hesitant. Like there’s more risk involved. I don’t truly know you yet until I do a couple of deals with you. But then once you start doing it, what I found is these borrowers, they create relationships with like two, three, four, five lenders. And all of a sudden they’re using those same lenders.

Cody Crabb (26:29)
Right.

Stephen Nagy (26:40)
on every single deal that you’re moving forward and you see the interest dropping. So maybe they started with 13 or 14 % now they’re only given 10%. Why? Because the lender doesn’t care they’re happy with what’s going on they’re moving their money they’re making money they’re not to go find another lender every time. So you’ll see that too where you start maybe a little higher and it works down. So just some little pointers when it comes to private money.

Cody Crabb (26:48)
Hmm.

Hmm.

Yeah, sounds like, well, and it

sounds like this is all kind of stuff that if you’re kind of new in this world, that your platform would be excellent to learn some things. So tell me a little bit more about the education side of your platform and what kinds of people.

Stephen Nagy (27:13)
Yeah.

Absolutely. So first off we do a lot. We’re big believers and give some of most of our best stuff away for free. So we do six live webinars that are open to the public each and every single week. They’re all live. They’re all different every single week and they’re all free. Six every single week. Yep. So we do six of those every single week. One on Monday one on Tuesday three on Wednesdays and one on Thursday right now. And so the one specific to private money club

Cody Crabb (27:28)
You do six a week? Holy cow.

Woo.

Stephen Nagy (27:42)
Mondays at 1 p.m. Eastern called Money Club Mondays. So one of the benefits as a premier paid member in Private Money Club is you can come on Money Club Mondays and present your deal via Zoom. So you can share your screen, you can show your slides, you can talk about it. But again, going back to this digital world, it’s great seeing somebody on a website. It’s better to see them on a Zoom, especially week after week after week. So we have programmed our lenders to never miss those Money Club Mondays.

Cody Crabb (28:06)
Yeah.

Stephen Nagy (28:11)
So they’re on there every Monday looking for their next deal that they want to lend on so premier members can come on every Monday They can present their deal whenever they have one ready to go and that’s a great way to do that on Thursdays We also have one called the PMC quick start webinar That’s taught by our primary coach at private money clubs names Noah Harris Longtime real estate investor. I’ve known him for 20 years Incredible guy him and his wife are both they have a really big investment company out of Columbia, South Carolina and they’re

of coaches for Private Money Club. so, Noah teaches a free training on private money, what’s working, tips and tricks every single Thursday at 1 p.m. Eastern. And that’s different every single week also. So, I would encourage and invite all of you guys to check out those webinars. And then the other ones we do are based around just controlling money, the infinite banking concept, and how all that works in conjunction with Private Money Club. And so, we provide that free education. On the platform itself, we put out articles on real

Cody Crabb (28:52)
Wow.

Stephen Nagy (29:09)
estate,

private money, things like that. There’s some free tools and resources on there as well you can access. When you join as a Premier member, we give you a bunch of PMC credits and you can use those credits to purchase the lender and or the borrower certification programs. So you can go on as a lender or borrower. I always recommend doing both because these certification programs are going to give you the foundation of what private money lending and borrowing are all about. Some legal stuff in there you really need to know about.

and be thinking about and then they also give you a little badge. So on your profile when you become a Premier member you get a badge and once you go through these certification programs you get a little badge as well. So now you know Cody if I’m looking if I’m a lender and I’m on PMC looking you know who do I want to lend to and it’s Cody that I see as a badge for Premier has a badge for borrow or has a badge for lender and I see another guy that has nothing who am I gonna gravitate towards? Cody right? Because I know yeah I know you

Cody Crabb (30:04)
Yeah, it’s like a an eBay profile with all the good feedback.

Stephen Nagy (30:08)
taking it serious right? Like I know you’re

Cody Crabb (30:09)
Yeah Yeah

Stephen Nagy (30:10)
gonna be so I’m gonna gravitate towards you. So you know we have that education available on there and for those of you that are newer or just really want to make sure you know what you’re doing we have what’s called the Private Money Club Accelerator coaching program. It’s an eight week program that we spend two times a week for four weeks about 90 minutes on each one of those so eight of those 90 minutes each. Just really diving in deep on how private money works, how to do these deals and on those classes there’s usually

about 20 to 25 people in each one of those. And it’s always a mix 50 50 with half her borrowers and half her lenders. And we bring them together into one coaching because we found very early on that what borrowers need to learn is what lenders need to learn also. Like you need to get into each other’s heads. So as a borrower, you need to think like a lender. As a lender, you think like a borrower. So we used to teach the coaching separate, but very quickly we learned we need to teach these people together. And so people in this accelerator coaching program,

immediately start actually developing relationships right from that class. So huge value right there and highly recommend checking out that as well if you need more help.

Cody Crabb (31:15)
Wow, for sure.

Well yeah, that’s fantastic. Investor feels huge on that whole give education away thing because I feel like it’s a big belief of ours that rising tide lifts all ships. Nothing bad will ever happen from giving away education for free. It just makes the world a better place. Thank you so much for sharing all this. think it definitely would be worth it.

Stephen Nagy (31:29)
Absolutely.

Cody Crabb (31:39)
If you want to get into this world, seems like that’d be a great place to start.

Stephen Nagy (31:42)
Hey Cody, do people like books? Does a vestibule people like books? Yeah.

Cody Crabb (31:44)
They do. Remember when I told you about Rich Dad Poor Dad? Everyone’s

in this because of Rich Dad Poor Dad. nice.

Stephen Nagy (31:50)
We have this one too. wrote a few years back, the private money guy,

real estate edition. and we do have this on digital format. So I can give you a link Cody, if anybody of your listeners want to download this for free, I’ll send it over to you so you can share it with them. And then actually I’ll do it. I have another where we could do it was a pack of three. So this one’s called drifting away from traditional car buying how to keep both your car and your finances in the fast lane. Really cool book on how to recapture every dollar for every car you’ll ever buy, drive or own. and then mapping out the millionaire mystery.

We have all three of these available on eBook that I can give to you guys for sure.

Cody Crabb (32:23)
That would be awesome. I’ll go ahead

and throw the send us that link. I’ll put it in the description here so that everybody can check it out there. Again, talk about sharing knowledge for free. Thank you so much. This is fantastic. One more. Can you give us that website one last time so people can check that out?

Stephen Nagy (32:28)
Absolutely.

Yeah, definitely. It’s just privatemoneyclub.com and rock and roll from there.

Cody Crabb (32:42)
Alright,

thanks so much for joining us today, Stephen. This has been great. And thank you, listeners, for joining us as well. If you enjoyed what you heard today, go ahead and give us a like, subscribe, follow, all the things so that you don’t miss another awesome conversation with someone like Stephen. Stephen, once again, it’s been a pleasure. I really appreciate you giving us your time today.

Stephen Nagy (32:59)
Yeah, Cody, thanks so much. Thanks everyone for listening. We’ll get rid of these flies and we’re going to rock and roll the rest of the week. Have a great day out there guys. We’ll see you soon. Thank you.

Cody Crabb (33:04)
Take care.