Key Takeaways

Phillip’s first time raising private money.
“If you ask for advice, you’ll get money. If you ask for money, you’ll get advice.”
Build these relationships early so that you will already know who you will call tomorrow when the deal shows up.
“Desperation has a smell to it.”
How did Mom’s House start? And why is it the best lead?
Do you have to be a real estate agent to join the Mom’s House journey?
What is a Senior Transition Specialist?

Tired of crowded markets? Embrace the limitless potential of this real estate niche without any competition! Welcome back to another episode of the Raising Private Money podcast! Today Jay Conner has an exciting topic in store for you - Senior Real Estate Trends With Private Money! His guest today, Phillip Vincent shares his expertise and insights on this fascinating subject. Private money plays a crucial role in real estate deals, especially when conventional avenues like banks fall short. Phillip and Jay will be discussing how private money can be used for unique deals, providing faster and more convenient solutions. They will dive into the vast potential of private lending, highlighting the vast amount of cash sitting in retirement accounts and how it can be effectively utilized. Philip has incredible experience in buying houses from seniors and adult children, solving their big problems along the way. He shares his passion for helping families navigate these transitions and introduces us to his nationwide network called Mom's House certified buyers. Listen in as they explore the underserved sector of senior living in real estate investing and how private money plays a critical role in these transactions. If you're curious about the world of senior transitions, private lending, and how to make the most of real estate opportunities, this episode is a must-watch!

Timestamps:

0:01 – Raising Private Money with Jay Conner

1:26 – Today’s Guest: Phillip Vincent

4:06 – In Most Transactions, The Seller Requires All The Cash

4:56 – Banks Serve A Purpose, But Consider Private Money/ There’s Money Waiting To Be Invested

9:56 – Desperation In Real Estate Leads To Success

13:36 – Build Relationships Early, Teach Money First. No-Begging For Funds, Offer Mortgage Instead

17:03 – Real Estate Investor Finds Best Leads From Seniors

25:28 – Senior Living: Selling Housing With Care

29:54 – Need Thousands Of Real Estate Investors To Become Mom’s House Certified Buyers

31:57 – Connect With Phillip Vincent: https://www.MomsHouse.com/Jay

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Jay Conner is a proven real estate investment leader. He maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal without using his own money or credit.

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