Raising Private Money with Jay Conner

Private Lenders vs Banks: Exploring the Benefits for Real Estate Investors


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Are you interested in learning how to raise and leverage private money to make more profit on every real estate deal? If so, you're in the right place! In today's episode, we'll be discussing the topic of real estate investing without the need for traditional banking institutions.

Jay Conner shares valuable insights on how private lenders can be your financial partners without demanding equity in your properties.

Jay explains that in the realm of single-family houses, private lenders function similarly to banks. They provide loans secured by the property and receive an interest rate just like a traditional lender would. However, private lenders do not hold any ownership of the property. Instead, it's your entity, such as an LLC or land trust, that holds the ownership.

Jay also discusses how the math works when it comes to using Private Money. He emphasizes the importance of borrowing a maximum of 75% of the after-repaired value (ARV) of the property, as opposed to borrowing based on the purchase price alone. This strategy allows you to maximize your funding and potentially receive excess cash at closing.

Furthermore, Jay shares an example to illustrate how multiple private lenders can be involved in a deal. By securing funds from multiple lenders, you can diversify your financing sources and structure deals to meet your specific needs.

If you're curious to dive deeper into real estate financing and how to unlock the power of Private Money, make sure to tune in to our podcast episode. Jay Conner, The Private Money Authority, offers unique insights and strategies to help you succeed in the real estate investing world.

Timestamps:

0:01 - The Private Lender Is The Bank 

1:11 - How Much Equity Does A Private Lender Receive?

3:32 - What Is One-Off?

4:12 - How Do You Run The Math Based On The Number Of Investments?

9:12 - What Is Total Loan To Value?

10:05 - Jay Conner’s Free Money Guide: https://www.JayConner.com/MoneyGuide 

Connect With Jay Conner: 

Private Money Academy Conference:
https://www.JaysLiveEvent.com

Free Report:
https://www.jayconner.com/MoneyReport

Join the Private Money Academy:
https://www.JayConner.com/trial/

Have you read Jay’s new book: Where to Get The Money Now?

It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book 

What is Private Money? Real Estate Investing with Jay Conner
http://www.JayConner.com/MoneyPodcast 

Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal.

#RealEstate #PrivateMoney #FlipYourHouse #RealEstateInvestor

YouTube Channel:
https://www.youtube.com/c/RealEstateInvestingWithJayConner 

Apple Podcast:
https://podcasts.apple.com/us/podcast/private-money-academy-real-estate-investing-with-jay/id1377723034 

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Raising Private Money with Jay ConnerBy Jay Conner

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