Real Estate Investor Closes Deal with $40K Profit
Channel: Raising Private Money For Real Estate - Jay Conner
Date: 23/08/2018

John Merriweather, in North Carolina joins Jay Conner today and talks about his real estate investing career.

Real Estate Cash Flow Conference, November 2018
http://bit.ly/jaymoneypodcast

Listen to my Podcast: http://realestateinvestingdeals.mypodcastworld.com/9017/real-estate-investor-closes-deal-with-40k-profit

John started working with Jay a little over a year ago. He is a data center manager, looking after 10 datacenters for the past 18 years.

John shares how he deals with a full-time career while he invests. He follows Jay's foreclosure system to find leads. He works 15 hours a week on real estate investing. He is cutting down the time as the delegates.

In 2007, John bought his first house as an investment.

He uses Private Money and Subject To to fund his deals.

The biggest challenge John had was with a property in Detroit in 2007 before the real estate bubble burst and a $100,000 house turned into a $17,000 house.

He wanted to protect himself in future deals so he would not get a hit like that again.

John had not inspected the house before he bought.

A property in Raleigh, NC, was bought by John, Subject To. The repairs were $8k. The owner was about to go into foreclosure. He was served notice, but not in foreclosure.

Bought for $181,000
Funded: Subject To
Repairs: $8,000
Final Price: $231,000
Profit: $40,000
The deal took about a month and a half to start and finish the deal.

He was able to serve the owner and find a young family who were able to get into a house they couldn't normally qualify for.

1) Get a mentor if you are new. Do not learn from the School of Hard Knocks
2) Be consistently committed to the process

John's personal success habit: 
Affirmations every morning

His favorite book: The 5 Second Rule by Mel Robbins

Listen to our Podcast on iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034?mt=2

Google Play:
https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y

Jay Conner has been investing in Real Estate for over 15 years. He typically makes 2 deals a month. He has bought and sold over 400 homes.

He had an 800 credit score and the bank closed his LOC. He needed to find a new source of funding. In the past eight years, Jay has never missed a deal because of funding.

He has developed a strong network of Private Money suppliers. 

Chaffee-Thanh Nguyen started investing in Real Estate a decade ago. He dramatically changes and impacts the lives of thousands of people around the world as an Executive Success and Event coach with the likes of Powerteam International and Marshall Sylver’s Mind Power Inc. Chaffee also teaches at his own events.

http://www.keyconceptcoaching.com/

The Conner Marketing Group
PO Box 1276 Morehead City, 
North Carolina 28557
Phone: 252-808-2927
Fax: 252-240-2504

Free Webinar: How To Sell Any Home In 3 Days Or Less
No Matter How Crowded Your Market Is!
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WEALTH & FREEDOM FORECLOSURE SYSTEM
HOW TO FIND, TRACK AND PROFIT FROM FORECLOSURES
http://www.jayconner.com/products/foreclosure-system/

What others are saying:
“Jay’s private lending scripts alone are worth the price of his entire system, and are the best I’ve ever heard … including mine!” – Ron LeGrand, Famous Real Estate Guru, Jacksonville, FL

Producer: Scott Paton
https://www.udemy.com/powerpodcasters/?couponCode=PP10

Visit our Channel:
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Playlists:
https://www.youtube.com/watch?v=T6sHj3R5FuI&list=PLTMERXRi9cnVPmCzyV_Xtpk654WbVi5Ln
https://www.youtube.com/watch?v=yTWMsHNFSPs&list=PLTMERXRi9cnVTWhmcE4SuEBjpultnpGqe
https://www.youtube.com/watch?v=yTWMsHNFSPs&list=PLTMERXRi9cnUof2dyBiu4BMA8fjhsmgQI
https://www.youtube.com/watch?v=yTWMsHNFSPs&list=PLTMERXRi9cnXivabzJE13CFYu9O6aCpBN

https://youtu.be/GNHc-wWLUS0

#RealEstateInvesting #RealEstate #RealEstateForBeginners #PrivateMoney #FlippingHouses #Probate #AntFarm #JayConner

Real Estate Investor Closes Deal with $40K Profit
https://youtu.be/bkaLNXZcEXo