Welcome to the latest edition of our Raising Private Money Podcast, we are excited to share some valuable insights from our recent episode with real estate investor and Private Money expert, Jay Conner. 

Today Jay Conner joins Paul Lizell on his Flipping Out Podcast and talks about his strategies for leveraging Private Money to maximize profits in real estate deals.

One of the key takeaways from the episode was the importance of Private Money in the current financial climate. Jay emphasized that having access to private lenders is crucial, especially as banks tighten their lending criteria. Jay himself has raised an impressive $8,000,000 in Private Money to fund his deals, with an average profit of $78,000 per deal.

Jay also shared his unique approach to raising Private Money. Rather than asking for money upfront, he focuses on building relationships and creating win-win situations. By presenting potential lenders with specific deals, including location, after repaired value, funding required, and closing date, Jay creates urgency for them to wire funds to his real estate attorney. He has mastered the art of raising Private Money and teaches his private lending program to others in his warm market.

In addition to his expertise in Private Money, Jay also discussed the benefits of buying properties "subject to" the existing loan, particularly in this low-interest rate environment. With over 80% (possibly 90%) of active mortgages in the US having interest rates below 4%, buying a house subject to the existing note with a low-interest rate can provide long-term rental cash flow. Jay's book, titled "Where to Get the Money Now," provides further insights into his strategies and is available to anyone who wants a copy.

In other segments of the episode, Jay talked about his marketing strategies, including Google search and Facebook ads, to generate leads. He also discussed the importance of making offers and negotiating effectively to find profitable deals. Jay's experience and success in the real estate industry are truly inspiring.

We hope that these snippets from our podcast episode have piqued your interest. If you would like to learn more, we encourage you to listen to the full episode, "Flipping Out - Real Estate Investing Minus the Bank," featuring Jay Conner. 

Timestamps:

01:23 - Profitable Lifestyle: $78k per deal, 3/month

04:33 - 2009 financial crisis leads to funding issues.

09:25 - Different Rental Market, Rates Affect Cash Flow.

10:59 - Diverse Real Estate Options In North Carolina.

13:44 - Less Competition, Rural Markets Growing, Attractive Deals.

17:31 - Best Campaigns: Preforeclosure, Absentee Owners, Inheritance.

23:07 - Seller's Expectations About Property Price Are Not Final.

26:28 - Full Rehabs vs Whole Tails Percentage.

28:53 - Sold Homes On Private Money With Cash Flow.

32:26 - Private Money Key To Funding Deals Easily.