In this episode, Larry invited a friend who is a private money guy. Jay Conner has rehabbed 300 houses over the last 14 years. He has also been involved in over $52 million in transactions.

Jay has completely automated his 7-figure income business to the point where he only works 10 hours per week. This has been his setup for the past 7 years. Jay is a leading expert on private lending and is a contributing author to the best-selling book "Real Estate: Getting Deals Done In The New Economy."

Topics:

• Jay's backstory
• On rehabbing 300 houses
• How he started with traditional funding
• Discovering private money
• What private money is
• Different ways of doing private money
• 3 main categories where you can find private money lenders
• Creating his private lender data feed
• One way he doesn't have to ask for money
• Why you should not put money in a house you don't own
• On doing a private lender luncheon
• On doing business with private lenders
• Reasons for using private money
• Rundown of the different terms
• Credit repair program
• What his typical deal looks like

Quotes:

• "It's a whole lot more fun to start up a company than it is to shut down a company."
• "Go where the money is."
• "Don't put money in a house that you don't own."