Today's Deal Scout episode features an eye-opening interview with Jay Connor, a seasoned investor who's mastered the art of private money lending, and you won't want to miss his advice on everything from raising capital to self-directed IRAs.
🔑 Main Lessons:
Traditional bank loans? Hard money lenders? Forget about them! Jay's approach to funding deals through private money lending is a game-changer. The importance of securing funding BEFORE you dive into real estate deals cannot be overstated. Be prepared, and you'll never miss out on a golden opportunity.
🏡 Ideas to Ponder:
Private money vs. hard money: Know the difference and why it matters. Building relationships is key. Your next private lender could be closer than you think – in your network, at your golf club, or even at your local Rotary Club. The money should come first, not the deal. With funds ready, you'll bid with confidence and avoid the stench of desperation.
🤔 Curiosities to Spark Interest:
Did you know that self-directed IRAs can be a goldmine for finding private lenders eager to invest in your deals? There's a world where YOU make the rules for lending, not the other way around. Intrigued? You should be!
Jay's also offering his wisdom-packed book, "Where to Get the Money Now," for FREE (just cover shipping). It's not an e-book; it's a real, autographed copy that you can hold in your hands. Grab your copy at jayconner.com/book and unlock the secrets to endless funding for your real estate ventures.
Don't miss out on this treasure trove of information. Tune into the podcast and let's make your real estate dreams a reality!
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Disclaimer: The content shared on this podcast is for informational purposes only and should not be taken as financial, legal, or tax advice. The views and opinions expressed are those of the host, Susan Reilly, and any guests, and do not necessarily reflect the official policy or position of any agency or organization.
Susan Reilly is a licensed real estate broker, but this podcast is not a substitute for professional advice. We strongly recommend that you consult with a qualified financial advisor, legal counsel, and tax professional before making any financial decisions or taking any actions based on the information provided in this podcast.