Jay Conner shares insights on raising private money for real estate projects, emphasizing the importance of not relying on banks and instead creating a network of private lenders. He details his journey from begging banks for money to raising millions privately, explaining the strategies he employed, such as educating potential investors and leveraging relationships. Conner also discusses the benefits of using self-directed IRAs for real estate investments and how to offer attractive terms to private lenders. He invites listeners to join his Private Money Challenge and learn more through his podcast.
About Jay Conner
Jay Conner is a nationally acclaimed real estate investor whose early frustrations with traditional bank financing led him to explore alternative investment strategies. When his funding was abruptly cut during a market downturn, Jay devised a system to access private funding, securing $250,000 from his first prospect and over $2 million in just a few months. His system, “Where To Get The Money Now,” has since enabled him to generate substantial annual profits, making him a sought-after mentor and thought leader in the real estate space.
Episode Highlights and Chapters
[00:02:15] Overcoming Challenges in Real Estate
Jay recounts how restrictive bank terms and a market crash forced him to rethink his approach to funding.
[00:10:30] Creative Real Estate Strategies
Exploring Subject-To deals, Lease/Options, and their role in expanding investment portfolios.
[00:17:45] The Birth of the Private Funding System
Jay explains how he developed “Where To Get The Money Now” and secured his first $250,000 in private capital.
[00:26:50] Scaling with Private Money
The keys to accessing over $2 million in private funding and how it transformed his career.
[00:35:20] Tips for New Investors
Actionable advice on getting started in real estate and finding funding without relying on banks.
[00:44:00] Living in Abundance in a Small Market
How Jay has built a thriving business in a small-town environment while generating massive returns.
[00:52:15] Mentorship and Legacy
The importance of teaching others and creating a long-lasting impact in the real estate community.
Connect with Jay Conner
Website: https://www.jayconner.com/
LinkedIn: https://www.linkedin.com/in/privatemoneyauthority/
To connect with the host, Eugene Gershman, visit https://giscompanies.co/podcast.
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