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In this episode of the “Money & You” show with Michelle Perkins, we explore innovative strategies for financial growth and wealth creation. Host Michelle Perkins is joined by real estate expert Jay Conner, who shares his insights on the world of private money and how it can be a game-changer for real estate investors.
Jay and Michelle discussed the concept of private money in real estate investing. Jay, who developed a successful system for attracting private lenders, shared his journey of learning about private money after losing the line of credit that he used to pay for his deals. He explained how individuals can invest their capital in real estate deals, earning high returns without relying on traditional banks. The discussion emphasized the importance of mindset in attracting private money, as Jay highlighted that none of his 47 private lenders had previously heard of this funding method until he educated them.
The conversation took place in the context of real estate investment strategies, focusing on how to secure funding quickly and effectively. This topic is crucial for aspiring real estate investors, as it provides an alternative to conventional financing methods, enabling them to scale their businesses and close deals efficiently. The episode underscores the potential of private lending as a viable funding source, encouraging listeners to explore this often-overlooked avenue in real estate investment.
00:03 – Introduction to private money
12:54 – Understanding private lending basics
19:41 – Attracting private investors
29:44 – Identifying potential private lenders
36:47 – Funding your real estate deal
Private money refers to funds loaned by individuals, rather than traditional financial institutions, allowing them to earn high rates of return on their investment capital in real estate deals. Jay emphasized the importance of having the right mindset, focusing on attracting private money rather than chasing it, which involves no begging or persuading. Jay addresses the misconception that private lenders are only wealthy individuals; he clarifies that his private lenders are ordinary people who were previously unaware of private money and its benefits.
Jay’s book, “Where to Get the Money Now,” is a resource for learning and provides his system for raising private money. You can reach out to him to receive the book for the cost of shipping only. He also shared a “Practical Script for Funding” that he uses to approach potential private lenders. As well as how to present deals to lenders without directly asking for money
Listen to Jay’s podcast called: “Raising Private Money with Jay Conner.” on any podcast platform.
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