7 months ago

Podcasts real estate real estate investing real estate investing for beginners flipping houses private money raising private money Jay Conner

#realestate #privatemoney #jayconner

***Guest Appearance

Credit to:
https://www.youtube.com/@BryceMatheson
"Raising Private Money Without Begging or Selling – with Jay Conner"
https://www.youtube.com/watch?v=q5CLJHif2Rs

Understanding Private Money Lending

Private money lending involves securing funds from individuals rather than traditional financial institutions. Jay emphasizes the significant role private money has played in transforming his real estate business, especially when traditional funding routes, like bank loans, become unavailable. For Jay, the journey into private money began out of necessity. In 2009, when his reliable line of credit was abruptly closed, he turned to private money following the advice of a fellow investor friend. This pivotal move not only sustained his business but enabled it to thrive.

The Mindset of a Private Money Teacher

One key takeaway from Jay's approach is the mindset shift required to succeed in private money lending. He advises that instead of viewing oneself as desperate or in need of begging, one should adopt the role of a teacher. Jay emphasizes educating potential private lenders—ordinary people who might not even realize the potential of their idle funds—about the benefits and mechanics of private lending. This educational approach not only builds rapport but also establishes trust, which is crucial in this domain.

Building and Expanding Your Network

For those concerned about a limited network, Jay suggests building connections through organizations like Business Networking International (BNI), which facilitates leads and introductions within professional circles. Additionally, Jay underlines the importance of using one’s existing community connections, like church groups or local clubs, to identify potential lenders who are seeking better returns on their investments.

Rates, Terms, and Transparency

Despite market fluctuations, Jay Conner has maintained consistent interest rates—8% for first position and 10% for junior positions—since 2009. His transparent method of outlining lender benefits and security measures contributes to building a reliable investor network. Offering features like a 90-day call option for emergencies ensures that lenders feel secure and are more inclined to engage in repeat business.

The Path Forward for Aspiring Investors

For new investors, Jay’s advice is simple yet profound: know your market, understand your program, and adopt the mindset of a teacher. Engage with organizations that can extend your reach and continuously educate both yourself and potential lenders. In doing so, you cultivate a network of funding partners who are invested in your business’s success.

Timestamps:
00:01 Raising Private Money Without Asking For It
06:14 Discovering Private Money Lending
08:07 Private Money Teaching Goal
10:43 Getting Real Estate Deals Funded
15:31 Private Money Strategy for Deals
17:05 Key: Communication with Private Lenders
21:14 Teaching Private Money Lending Basics
26:10 Upgrade Business Operations with Lender
29:03 Collateral Substitution in Real Estate Financing
30:59 Fund Model Benefits vs. Challenges
34:58 Expand Network with BNI
36:59 Networking and Program Knowledge Essentials
40:06 Referral-Based Real Estate Investing Pitch

Private Money Academy Conference:
https://www.JaysLiveEvent.com

Free Report:
https://www.jayconner.com/MoneyReport

Join the Private Money Academy:
https://www.JayConner.com/trial/

Have you read Jay’s new book: Where to Get The Money Now?
It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book

What is Private Money? Real Estate Investing with Jay Conner
http://www.JayConner.com/MoneyPodcast

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 $67,000 per deal.

#RealEstate #RealEstateInvesting #RealEstateInvestingForBeginners #Foreclosures #FlippingHouses #PrivateMoney #RaisingPrivateMoney #JayConner

YouTube Channel
https://www.youtube.com/c/RealEstateInvestingWithJayConner

Apple Podcast:
https://podcasts.apple.com/us/podcast/private-money-academy-real-estate-investing-with-jay/id1377723034