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***Guest Appearance Credits to: https://www.youtube.com/@JohnCasmonMultifamily “5 Steps to Raise Private Money with Jay Conner, Ep. 419” https://www.youtube.com/watch?v=wkFic8doqB4 Securing funding is one of the greatest challenges real estate investors encounter, especially when traditional sources suddenly dry up. This was the reality for Jay Conner, who experienced a dramatic turning point in 2009. For years, he relied on conventional bank loans to fund his deals, but with the onset of the global financial crisis, his dependable stream of capital was abruptly shut off. Faced with the sudden closure of his line of credit, Jay Conner was forced to seek alternative ways to fund his investments—and what started as a setback soon became a catalyst for unprecedented growth. The crucial difference between hard money and private money was a game-changer. Hard money typically comes from companies that raise funds from individuals, then lend at double-digit interest rates, often with origination fees and rigid terms. In contrast, private money involves direct relationships with individuals—people in your network who may have funds in savings or retirement accounts yielding low returns. With private lenders, the real estate investor has much more flexibility and often gets better terms, such as lower interest rates, no points or fees, and even the potential to borrow the entire purchase price and rehab costs with minimal upfront payments. Recognizing these advantages, Jay Conner shifted his approach. Instead of desperately chasing down money, he adopted a teaching mindset, educating people in his network about the benefits of private lending. He never positioned himself as a salesman or beggar. Instead, he focused on value—demystifying the process for others and showing them how they could earn strong, safe returns secured by real estate. His process began with identifying connections within his existing network, particularly focusing on retirees or people likely to have investible capital. He’d reach out to them casually, establishing rapport, and asking one powerful question to prequalify interest: whether they had investment capital or retirement funds that weren’t achieving attractive, secure returns. If the contact expressed interest, Jay Conner would share educational material—a concise audio overview explaining private lending’s key concepts and advantages, deliberately crafted to inform rather than persuade. The goal was to make people curious, not pressured, allowing them to self-select into learning more. When a potential lender expressed further interest, Jay Conner would walk them through the exact program, explaining rates, terms, safety protocols, and how their funds would be secured by real estate with documentation like promissory notes, mortgages, or deeds of trust, and proper insurance and title protection. Only after all questions were answered and the lender verbally pledged funds would Jay Conner match those funds with a specific deal. He’d call with the key facts: location, after-repair value, required funding amount, and closing timeline—never asking if they wanted to participate, but instead simply informing them how and when their money would go to work. This education-centric approach proved transformative. In less than ninety days, Jay Conner attracted over $2.1 million in new funding, surpassing what he had ever had from banks.
Timestamps: 00:01 Private Money vs. Hard Money 05:45 Bank Cuts Credit Amid Crisis 08:02 Attracting Private Funding Quickly 12:25 Leveraging Self-Directed IRA Insights 16:01 5-Step Process for Deal-Making 18:42 Educate, Empower, and Streamline Decisions 21:43 How to Start Real Estate Funding 27:11 Retirement Account Best Practices 34:32 Lesson from a Real Estate Mistake 37:47 StairMaster for Focus and Productivity 39:30 Private Money Insights with Jay
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What is Private Money? Real Estate Investing with Jay Conner
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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.
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