Episode 66: Jay Conner Talks About Using Private Money For Real Estate Investing

Thanks for joining us on Eat, Sleep,Invest. In this episode, Bryan Driscoll talks to Jay Conner. Jay is a real estate investor that only makes deals using private money. He started investing in single-family houses in 2003, and in 2009 he found he couldn’t get money from the bank anymore. Instead of giving up his business, he pivoted to working with private lenders.

Now, Jay does two to three deals a month with profits of an average of $74,000 per deal. He teaches potential lenders and investors about private money and the opportunities it can create. He makes all his real estate deals without having to beg for money.

Bryan and Jay discuss:

2:30 How to give people an opportunity for high rates of return instead of begging for money from banks

4:48 What Jay means when he says, “the money comes first”

6:47 How failing leads to growth if you aren’t willing to quit and why it’s essential to become comfortable with being uncomfortable

11:08 How Jay educates new private lenders instead of pitching deals to them, and they come to him with their money

12:41 The script Jay uses when he has interested investors and an up-and-coming deal

15:30 A summary of the differences between private money and hard money

18:40 How you can avoid having to use your money for a down payment on a property

19:40 Why your credit score doesn’t have to impact how much money you get for deals

20:11 How you can close in seven days with private funds instead of waiting weeks with hard money

21:18 The three places you can find private money: people you know, your expanded connections, and existing private lenders, including people who are retired

Learn more:

https://www.jayconner.com/7-reasons-report/

https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w

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