Jay Conner's Guide to Funding Real Estate Deals Without Banks
Channel: Raising Private Money For Real Estate - Jay Conner
Date: 10/04/2024

Jay Conner's Guide to Funding Real Estate Deals Without Banks

Credits to:
https://www.youtube.com/watch?v=J7pgPj4nAbw
Invest for a Better Life with Mike & Ligia Deaton

Welcome to another insightful episode of Raising Private Money With Jay Conner!
 
Today,  Jay Conner, The Private Money Authority joins Mike and Ligia Deaton on the Cashflow Fight Club Podcast where Jay shares his wealth of experience on how to flip houses using other people's money!

Starting Out: A Lesson in Education
Jay Conner didn't begin his journey in real estate investment following the beaten path. Coming from a background in manufactured housing, Jay initially bypassed formal education in the industry, a decision that would cost him dearly. He stressed the value of proper education and mentorship. Aspiring investors should learn from his story; the price of entering the real estate market unprepared can be unforgiving.

Attracting Private Lenders: The Power of Relationships
One of Jay's crucial steps to success was raising private capital, especially when traditional bank lending became a bottleneck. He emphasizes the importance of assembling a list of potential private lenders from personal contacts, including retirees and community influencers. The goal is to educate, not to solicit directly, which he beautifully illustrates through his innovative approach to hosting private luncheon events.

Structuring the Deal: A Conservative Approach
Jay walks us through the mechanics of structuring a real estate deal, advocating for never borrowing more than 75% of the after-repaired value of a property. This conservative approach ensures an equity cushion for the lenders, mitigating risk and solidifying trust. He further explains the role of self-directed IRAs in funding and the significance of consistent seller leads for a robust real estate business.

Beyond the Money: Teamwork and Market Dominance
Operating in a small North Carolina market, Jay discusses his strategy to dominate rather than diversify. He champions the use of proprietary software for lead management and process automation. By building a reliable team and perfecting delegation, Jay has developed a seven-figure net business requiring less than 10 hours of his time each week.

Ensuring Sustainability: A Focus on Investor Relations
Jay Conner doesn't just find private lenders; he maintains and grows relationships with them. Reinvestment of profits from his clients bolsters the sustainability of his operation, positioning his business model as a dependable alternative to the volatile cryptocurrency market.

Timestamps:
00:01 - Jay built a successful real estate business despite obstacles.
05:39 - Transition from mobile homes to single-family houses.
08:20 - Started business, sought mentor, minimized mistakes, accelerated.
11:37 - Teaching private money for real estate success.
15:26 - Interest form, no direct money requests. Follow-ups prompt action.
18:19 - Automated process for inviting retired people to the event.
21:56 - Introduction to private money investing for real estate.
25:22 - Scheduling a meeting leads to discovering the problem.
29:25 - Find a deal quickly to invest funds.
30:42 - Prepare consistent lead magnet for private money.
35:40 - Closing agent mails promissory note, mortgage, insurance.
37:54 - Discussing land business and hypothetical property purchase.
43:14 - Conservative borrowing, successful deals, and lender security.
46:21 - Software automation revolutionized real estate business operations.
47:50 - Generating leads, evaluating deals, and managing pipeline.
53:29 - Real estate industry journey from flipping to corporate.
55:43 - Choose your response, and shape your destiny positively.
59:00 - Champion's corner: mindset, action, powerful results.

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 

#RealEstate #RealEstateInvesting #RealEstateInvestingForBeginners #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 

Facebook:
https://www.facebook.com/jay.conner.marketing  

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