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How to Raise Private Money with Jay Conner
In a recent engaging episode of the Raising Private Money podcast, renowned real estate expert Jay Conner shared invaluable insights into the world of private lending and real estate investments.
Host Chris Larsen facilitated a deep dive into how seasoned investors like Jay Conner are revolutionizing funding strategies, particularly through private money lending, self-directed IRAs, and more.
Private Lending Unveiled
Jay Conner discussed the pivotal role that private lending plays in real estate investment. Instead of traditional bank loans, private lending allows investors to secure funding through individual investors, offering them higher returns in the process. This approach not only accelerates financial growth but also avoids the cumbersome red tape associated with traditional financing. Jay’s strategy focuses on educating potential lenders about the benefits and security of investing in real estate deals, thus raising capital without direct solicitation.
The Role of Self-Directed IRAs
A significant portion of the podcast was dedicated to self-directed IRAs—a powerful tool for diversifying retirement portfolios with real estate investments. Chris Larsen and Jay Conner elaborated on the flexibility of self-directed IRAs, which permit investors to expand beyond conventional stocks and bonds. Jay highlighted how these IRAs are instrumental in connecting investors with lucrative real estate opportunities, emphasizing the need for ethical practices and ensuring that investments are adequately protected and legally compliant.
Overcoming Financial Adversity
Chris Larsen shared a compelling personal story about facing financial hurdles when his lines of credit were unexpectedly cut. Similarly, Jay recounted his own experience during the 2009 financial crisis when he was compelled to shift from traditional banking to private money. These narratives underscore the significance of resilience and adaptability in achieving financial independence. Both speakers emphasized the formula E (event) + R (response) = O (outcome), advocating that one’s reaction to challenges critically shapes their success.
Conclusion: A Gateway to Financial Freedom
The episode not only delivered powerful financial strategies but also served as an inspiration for personal and professional growth. Jay Conner’s journey from relying on bank loans to mastering private money lending serves as a testament to what is achievable with the right mindset and tactics. For those looking to delve deeper into the realms of real estate investing, exploring Jay Conner’s methods and taking action on the call to download his free guide on private money at www.JayConner.com/Moneyguide might just be the perfect first step toward financial liberty.
Resilience in the Face of Adversity:
“I got 100% choice as to how I want to respond to whatever happens. Therefore, it’s your response that determines the outcome.” – Jay Conner
10 Lessons Covered in this Episode:
- Raising Private Funds: Efficient strategies for securing private investments without traditional banks.
- Understanding Self-Directed IRAs: Navigating investments in real estate using IRAs effectively.
- Property Evaluation Techniques: Assessing the potential of properties to maximize investment returns.
- Lender-Borrower Relations: Building trust and clear communication lines for successful deals.
- Real Estate Rehab Essentials: Budgeting and planning for property improvements for high return.
- Finding Private Investors: Techniques to connect and engage with potential private lenders.
- Handling Legal Formalities: Learning about necessary legal standards for private lending and real estate.
- Profitable Exit Strategies: Ensuring maximum profit through well-planned property exits.
- Networking for Growth: Using networking to find opportunities and enhance investment possibilities.
- Success Mindset in Investing: Developing the right attitude for overcoming challenges and achieving goals.
Fun facts that were revealed in the episode:
- Jay Conner transitioned from mobile home sales to flipping single-family homes after the decline in financing for mobile homes.
- During the global financial crisis in 2009, Jay’s credit line was suddenly shut down, leading him to discover and utilize private lending, raising $2,150,000 in just 90 days.
Timestamps:
00:01 – Raising Private Money Without Asking For It
04:56 – Credit shutdown amid crisis.
07:53 – Great credit, high equity, taking proactive action.
10:37 – Debt fund borrows money, and earns from loans.
15:47 – Self-directed IRA allows flexible investment choices.
18:26 – Inquire about self-directed IRA via email.
21:51 – Distressed properties with $50,000 rehab cost.
24:24 – Lender protects with a conservative loan to value.
27:54 – Step-by-step guide to raising $2,000,000.
29:45 – Ensuring comprehensive access to book, podcast, offer.
Private Money Academy Conference:
Free Report:
https://www.jayconner.com/MoneyReport
Join the Private Money Academy:
https://www.JayConner.com/trial/
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 money or credit.
What is Real Estate Investing? Live Private Money Academy Conference
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