Raising Private Money with Jay Conner
I’m Jay Conner, also known as the Private Money Authority. Did you know that as a real estate investor, you are missing out on 87% of the deals because you’re “not” leveraging private money? After two decades as an investor, I started the Raising Private Money podcast to help you unlock all the private money you'll ever need to fund your real estate deals - WITHOUT resorting to expensive hard money loans.
If you’ve ever lost out on a great off market deal because you lacked the financing, then you and I are kindred spirits. I’ve been there too, missing seller financed opportunities early on because I didn’t know any better.
On this podcast, we’ll walk through accessing private funding together. You’ll discover:
•How to position yourself to tap into flexible private money funding rather than restrictive, costly hard money loans
•Untapped funding sources like self-directed IRAs – and many others you may not be aware of
•Steps to build your own network of private lenders for repeat financing
I speak with wholesalers, flippers, rehabbers, and investors in every niche about where they were BEFORE private money, and how adding private money has EXPLODED their profits!
Whether you’re a new investor looking to quit your 9 to 5 job and finance your first deal or an experienced investor aiming to do more deals and generate bigger profits, private money is out there waiting for you.
You just need the right mindset, positioning and tools.
Visit JayConner.com to join me on this journey and fund your first (or next) deal. All the capital you need is closer than you think. Let’s get there together!
Raising Private Money with Jay Conner
Jay Conner’s Proven Guide to Using Private Money for Real Estate Investing
Credits to:
https://www.youtube.com/@pantheoninvest
Private Money Mastery: Proven Tactics from a Leading Lending Expert
Private Money Mastery: Proven Tactics from a Leading Lending Expert
In the latest episode of the Raising Private Money podcast, Jay Conner joins Dave Wolcott on his Wealth Strategy Secrets of the Ultra Wealthy podcast and shares invaluable insights into wealth-building through private money lending. Jay’s journey from facing financial constraints to securing over $2,000,000 in private funds is both inspiring and instructional for anyone looking to thrive in the volatile world of real estate investments.
The Two Key Mistakes in Real Estate:
Jay Conner’s successful real estate career wasn’t built overnight; it was forged through hard lessons and strategic pivots. He begins by discussing two major mistakes he made early in his real estate journey:
1. Lack of Proper Guidance:
Jay Conner emphasizes the importance of having a mentor or guide when starting out in real estate. Without proper advice, he found himself making costly decisions that could have been avoided with the right guidance.
2. Overlooking Carrying Costs:
Another crucial mistake was not adequately calculating the carrying costs on rental properties. Overlooking these costs can drain resources and diminish profits, underlining the necessity of detailed financial planning.
Leveraging Tax Strategies and Self-Directed IRAs
Jay delves into sophisticated tax strategies related to self-directed IRAs, which enable private lending while offering substantial tax advantages. Both borrowers and lenders benefit: borrowers get quick, flexible funding, while lenders enjoy significant tax relief. This win-win strategy highlights the innovative ways investors can minimize tax liabilities while accelerating wealth growth.
The Power of Private Money Over Traditional Lending
One of the pivotal moments in Jay's career came when he lost his bank credit in 2009. This forced him to explore alternative funding options, which led him to the world of private money lending. Jay contrasts private money with traditional bank loans, emphasizing several advantages:
Control and Flexibility:
Unlike banks, private money lending allows you to set your own terms, avoiding rigid requirements.
No Down Payment Deals:
Private money deals often do not require down payments, making it easier to secure properties.
Quick Closings:
Speed is crucial in real estate, and private lenders can close deals much faster than traditional financial institutions.
No Origination Fees:
Banks often charge hefty fees, which are absent in private deals.
Productive Habits that Drive Success
The Rule of 5:
Prioritize five key activities that align with your goals, ensuring you stay focused daily.
Scheduling Success:
Jay advocates for scheduling critical tasks and activities, making sure they are non-negotiable aspects of your calendar.
Success Nuggets and Strategies
Secure Deals with Private Money:
Jay’s method involves securing properties using private money and providing significant protections to lenders, such as collateralizing the notes and naming them as mortgagees on insurance policies.
Diverse Uses of Private Money:
Funds can be utilized for purchases, refinancing, and renovations, providing a versatile financial tool.
No Limits on Borrowing:
There’s no cap on the amount of private money you can borrow