Have you ever considered the transformative power of private money in real estate investing, and how it can redefine your financial strategies?
In this enlightening episode, Angel Williams engages with Jay Conner, an expert in private money lending in real estate. Jay shares his journey from traditional banking to leveraging private money, highlighting the distinctions and advantages over hard money lending. He delves into his personal experiences, strategies, and the impact of private funding on his real estate ventures, providing invaluable insights for both novice and experienced investors.
Jay Conner, an accomplished real estate investor since 2003, has impressively rehabbed over 475 houses in a small community, averaging $78,000 profit per deal, totaling over $118 Million in transactions. Having automated his seven-figure annual business to require less than 10 hours of work weekly, Jay's expertise extends to teaching others about raising private money without direct solicitation. Notably, he raised over $2 million in private funds in just 90 days during the 2009 financial crisis. Jay, a national speaker and two-time bestselling author, is also a commercial developer and former president of Business Networking International. He resides in Morehead City, NC, with his wife, Carol Joy.
[00:00:00 - 00:04:00] The Private Money Advantage
The significant impact of private money on real estate investments.
Jay Conner's transition from traditional banking to private money.
The unique benefits of private over hard money.
[00:04:00 - 00:08:00] Discovering Private Money
Jay’s first encounter with private money during the 2009 financial crisis.
The role of networking in discovering private money sources.
The importance of educating potential private investors.
[00:08:00 - 00:12:00] Strategies for Success
Jay's approach to securing private funding without pitching.
The significance of having funds lined up before finding deals.
Creating opportunities out of financial challenges.
[00:12:00 - 00:16:00] Expanding Horizons
The scalability of private money in real estate.
The versatility of private money across different property types.
Jay's experience with a wide network of private lenders.
[00:16:00 - 00:20:00] Future of Private Money
The growth and potential of private money post-2009.
How private money transformed Jay’s real estate business.
The role of private money in future real estate trends.
Quotes:
"We don't ask for a mortgage; we offer a mortgage." - Jay Conner
"The worst time to be attracting private money is when you need it for a deal." - Jay Conner
Connect with Jay:
Website: www.JayConner.com
LinkedIn: www.linkedin.com/company/jay-conner-private-money-authority-real-estate-investing/
Facebook: https://www.facebook.com/jay.conner.marketing
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