In this weeks episode of “Inside the Minds of Today’s Millionaires”, Dwan is talking with Jay Conners. Jay is known as the “Private Money Authority”. He and Dwan speak candidly about the deals Jay does and how he does them. Making about $67,000 per deal (and he does on average 3 a month!) he does this with a unique touch. A personal one. No cold calls. No stalking homeowners. Rather he uses “bird-dogs” and reaches out to people personally. Don’t mind the little tech hiccup in the middle of this episode! Dwan and jay joke that that’s what real estate investing is all about! Finally, Jay issues this weeks life equity challenge. You can learn more about Jay by going to www.jayconners.com/freebook (You can even get his book for free here!). Also listen to his podcast, Real Estate Investing with Jay Conners.
:55 Into
2:02 Intro to Jay Conner and who he is today
3:34 Two businesses – Flipping and Coaching on how to get funding for deals
4:43 He is the “Private Money Authority”
5:09 Contact Jay and listen to his podcast
6:30 People stuck on where to get the money to do deals
6:48 Drinks with Dwan – Tea!
7:48 Averaging $67,000 a deal, tips for a small market
9”06 Consistent lead flow
10:13 Vacant houses – Putting eyes on the properties
11:35 Bird-dogs drive the target area
14:00 Foreclosure notice doesn’t mean vacate immediately
16:41 Bird-dog compensation
18:00 Real life takes over this podcast”
21:15 Stuff comes up
22:00 What you think will work doesn’t, and vice versa
26:14 I don’t know anyone not on Facebook
26:55 Jay reads Facebook message sent to owner of vacant home
31:27 Make connections
34:45 A way out
37:29 They had time but….denial
39:30 What if there was no response to the Facebook message?
43:00 Matchmaking – beenverified.com
45:50 A softer approach – The personal touch
46:30 Jay’s favorite food
48:00 Dwan’s favorite Texas meal
48:50 The Eagle’s – Hotel California, a throwaway song
50:18 The Grove Park Inn – Jay’s favorite place
53:38 Jay issues this week’s life equity – The rule of 5
1:00:40 Subscribe!
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