Today on Raising Private Money with Jay Conner, Jay takes us on a deep dive into the world of private money and its immense potential for real estate investors like yourself.
We have a fascinating topic to Demystifying Private Money What It Is and Why You Need It in Your Real Estate Investing Journey.
Jay Conner stumbled upon the power of self-directed IRAs after losing his line of credit at the bank. He discovered that these IRAs, approved by the IRS, allow individuals to move their existing retirement funds into real estate investments without penalties or taxes. With over half of his 47 private lenders using their retirement funds for deals, Jay is a true expert in attracting private money.
In this episode, Jay delves into the importance of separating the activity of teaching people about private money from actually having a deal for them to fund. He will also provide actionable steps to start attracting money before you even need it, ensuring that you have private money lined up when pursuing a deal. This fundamental concept can be a game changer in your real estate investing journey.
But that's not all - Jay will also guide us through the differences between hard money and private money lenders, highlighting how private money grants you greater control over your business.
Additionally, he will explore the various options for real estate investing, such as wholesaling, flipping, and buy-and-holds, and how private money can be utilized in each of these strategies.
If you've ever dreamt of escaping your nine-to-five job and diving into real estate investing but were held back by the complexities of private money, this episode is for you.
Jay's expertise and experience investing in over 475 houses will provide you with valuable insights and practical tips to overcome your fears and start attracting private money to fund your deals.
So, grab a pen and paper, get ready to take notes, and let's demystify private money together with Jay Conner on this special episode of Raising Private Money.
Timestamps:
00:28 – Private Money: A Game-Changer in Real Estate.
03:04 – Real estate investing options and challenges.
06:52 – Self-directed IRAs: move retirement funds penalty-free.
11:23 – Private money vs. hard money lending explained.
14:04 – Hard money lenders set short-term loan lengths.
18:18 – Excess cash when using private money.
20:53 – Hard money vs. private money: control in business
23:48 – Separating teaching and attracting private money.
28:12 – Flexible private money for commercial and residential.
31:37 – Local CD pays little. Borrow 8%. Safe, conservative loan. Private money is all around you. First lender from church Bible study.
33:14 – High-rate investment opportunity offered by referral.
36:22 – Secure private money before seeking deals. Download guide.
38:58 – Duplicate my program, teach, and attract money.
Private Money Academy Conference:
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
https://www.JayConner.com/MoneyPodcast
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.
What is Real Estate Investing? Live Private Money Academy Conference
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