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*** Guest Appearance Credits to: https://www.youtube.com/@TheBigPictureBlueprint "Raising Private Money with Jay Conner" https://www.youtube.com/watch?v=oYvFywuPL88 Welcome to another insightful episode of the Raising Private Money Podcast! Today, we're diving deep into real estate investment with Dan Haberkost, Mason McDonald, and Jay Conner. Jay, a seasoned real estate investor with a 7-figure business, shares his knowledge on the critical differences between private and hard money lenders. In this episode, you'll learn how Jay has consistently paid his private lenders an 8% annual percentage rate since 2009, and why private money could be a more appealing option compared to hard money, which often comes with higher interest rates and numerous fees. We'll explore the benefits of securing funds from private lenders, including no origination or appraisal fees, and how credit scores are not a factor in obtaining private money. Jay also sheds light on strategies for raising private money, sharing networking tips, securing promissory notes, and projecting profits before diving into deals. Dan adds his own experiences raising millions for land deals. Finally, Jay introduces his 7-day private money challenge, an engaging masterclass aimed at helping you raise significant private funds for your real estate ventures. https://www.PrivateMoneyChallenge.com Tune in for an episode filled with valuable insights and practical advice on leveraging private money to fuel your real estate success!
Timestamps: 00:01 Private lenders build strong, high-integrity relationships. 06:25 Using private money to secure real estate. 08:33 Distinguishing private and hard money lenders, benefits. 13:58 Money access and differences impact property purchases. 15:22 Borrow based on repaired value for profit. 18:39 Securing the promissory note is essential. 23:03 Teaching exercise to calculate financial freedom goals. 25:04 Questioning advice to secure funding for deals. 27:56 Model involves land flipping with quick turnarounds. 33:49 Require $50,000 profit, project, plan accordingly. 34:53 Calculate private money needed for anticipated deals. 39:53 Private money discovery through personal connections and sharing. 42:26 Real estate deals may surprise some investors. 47:59 Teaching real estate investors to raise capital. 49:32 Successful investment: finding non-sophisticated wealthy investors. 53:17 Exercise caution in sharing financial information online.
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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