Summary

In this conversation, Jay Conner shares his journey in real estate investing, focusing on the concept of private money and how it has transformed his approach to funding deals. He discusses the shift from traditional lending to private money, emphasizing the importance of building relationships and teaching others about investment opportunities. Jay provides insights into securing private funding, structuring deals, and finding private lenders, while also sharing practical tips and strategies for aspiring real estate investors.

Takeaways

• Private money can provide unlimited funding for real estate deals.
• Jay Conner has flipped over 500 houses since 2003.
• The shift from traditional lending to private money was crucial for Jay's success.
• Asking the right questions can change the trajectory of your business.
• Teaching others about private money is key to securing funding.
• Timing is critical when seeking private money for deals.
• A structured approach is essential for working with private lenders.
• Private money can be used for various types of properties, not just distressed ones.
• Networking and expanding your connections can lead to more funding opportunities.
• Understanding the math behind property deals protects both investors and lenders.

Chapters

00:00 Introduction to Private Money Investing

01:37 Jay's Journey in Real Estate

03:51 The Shift from Traditional to Private Money

06:16 The Power of Networking and Asking the Right Questions

09:50 Teaching the Opportunity of Private Money

13:00 The Importance of Timing in Funding

14:23 The Script for Securing Private Funding

19:22 Understanding the Risks and Protections for Lenders

27:01 Finding Private Lenders: Expanding Your Network

32:35 Working with Existing Private Lenders

40:01 Calculating Maximum Purchase Prices

41:53 Choosing the Right Properties to Invest In

45:15Conclusion and Resources for Further Learning

Credits:

Hosted by Michael Smith

Produced by Ryan Roghaar

Theme music: "Perfect Day" by OPM 

The Carton:

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Feature with Zack Chmeis of Straight Method up now! 

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Ryan Roghaar:

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