5 Steps to Raise Private Money with Jay Conner, Ep. 419
Jay Conner has been buying and selling houses since 2003 in a population of only 40,000 with profits averaging $67,000. Rehabbed over 300 houses and been involved in over 52 Million Dollars in Transactions. For the past 7 years, Jay has completely automated his 7-Figure Income Business to where he works in his business for less than 10 Years per week. He consulted one on one with over 2,000 Real Estate Investors and $2,150,000 in less than 90 Days in Private Money when cut off from the banks He is a leading expert on private lending, marketing, and business development We talked to Jay about how you can attract capital for your deals, the five steps of raising private capital and a lot more about private lending. Announcement: Download Our Sample Deal and Join Our Mailing List [00:01 – 04:08] Opening Segment Jay talks about his background. Why you don’t need to be in a big market to be able to invest; How private money has the biggest impact on real estate; [04:08 – 14:30] Attract Capital for Your Deals How Jay found out about private money; The differences between hard money and private money How he uncovered the private money opportunities; How teaching helped him find private money; [14:30 – 37:39] The Five Steps Jay’s mindset before raising $2.1 millions raise in 90 days;; Five steps of raising private money; Why he does not want private lenders to write checks; How they share the responsibilities in their partnership; He explains how the investment is secured by the property; Contact Jay: Links below. [37:39 – 43:48] Round of Insights Apparent Failure: Not calculating the rental income before investing in a property Digital Resource: dealmachine.com Most Recommended Book: The Go Giver Daily Habit: Stair Mastering #1 Insight for Attracting Private Money: Put on your teacher hat. Educate people. Best Place to Grab a Bite in Morehead City: Sunside Restaurant Contact Jay: To learn more go to jayconner.com. To get the free download click here. Tweetable Quotes: “It’s impossible to fail unless I decide to quit.” - Jay Conner Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.