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Today on Raising Private Money podcast, we're diving into the world of real estate investing with an extraordinary success story from our host, Jay Conner! Discover how Jay made an impressive $155,140 in just 5 weeks using private money for a real estate deal on an oceanfront condominium located at Colony by the Sea. He'll walk us through his process of using Google ads to attract motivated sellers, the critical importance of immediate follow-up, and the power of private money to close deals swiftly. Jay reveals how he found a diamond in the rough—an oceanfront condo worth $600,000 that he purchased for just $425,000, requiring a mere $11,000 in repairs. Learn how effective marketing strategies, professional media, and private money enabled him to sell this property for an outstanding $628,000, culminating in a net profit of $155,140. Stay tuned as Jay breaks down the financials, shares valuable insights, and offers a free guide on the benefits of private money for real estate investing at https://www.JayConner.com/MoneyGuide. Whether you're a seasoned investor or new to the game, you won't want to miss Jay's 5 key takeaways and his seven-day Private Money Challenge - https://www.PrivateMoneyChallenge.com designed to help you attract private money without the hassle.
Timestamps:
00:01 - How I Made $155,140 With Private Money In Just 5 Weeks
04:20 - Google Ads target motivated sellers for leads.
08:55 - The condo needs minimal renovation, costs only $11,000.
12:05 - Quickly renovate, create buzz, use "coming soon."
16:34 - Beautifully furnished condominium saves staging and furniture.
19:21 - Private money financing, made extra cash from property.
20:28 - Borrowing formula: 75% of $600,000. Purchased for $425,000.
22:46 - The Five Big Takeaways and Lessons From this Deal
27:16 - https://www.PrivateMoneyChallenge.com
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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https://www.youtube.com/c/RealEstateInvestingWithJayConner
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