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***Guest Appearance Credits to: https://www.youtube.com/@TheSourceCRE "Finding Investment Capital in Private Money with Jay Conner" https://www.youtube.com/watch?v=MV3Ed6buyfI&t=26s Welcome to another exciting episode of the Raising Private Money podcast! Today, our Jay Conner teams up with Jonathan Hayek to dive into the world of private money lending for real estate. Jay outlines the simplicity of his no-penalty program for private lenders and shares personal experiences, emphasizing that private lenders often prefer keeping their money invested for continuous returns. Both hosts discuss the importance of promissory notes, deeds of trust, and securing loans properly. They touch on the instrumental role of community involvement and organizations like Business Networking International (BNI) in building trust and securing private money. Jay reflects on his transition from relying on local banks to raising millions in private money through educational outreach. Join us as they explore the mindset needed to attract private lenders, the critical role of trust-based relationships, and practical tips for expanding your network. Jay also introduces his "7-Day Private Money Challenge," designed to deepen your understanding and effectiveness in raising private funds for real estate deals. This is an episode packed with invaluable insights for anyone looking to harness the power of private money!
Timestamps: 00:01 Raising Private Money Without Asking For It 04:41 Steve halted funding due to the financial crisis. 06:22 Learned about private lending, raised $2.15 million. 13:00 Private money flexibility vs. institutional hard money fees. 16:22 Focus on growing your network for success. 19:36 Join local BNI for networking and leads. 22:30 Volunteer sincerely; rise within community; become valuable. 24:17 Consistent interest rates despite market fluctuations since 2009. 29:21 Lenders prefer trusted borrowers over idle money. 31:34 Payment frequency, cash flow, promissory note, mortgage. 36:25 Don't borrow private money until knowledgeable and prepared. 40:09 They prefer active involvement over being a lender.
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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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