🎙️ Podcast Overview

Title: Raising Private Money Without Banks with Jay Conner Host: Derek Dombeck (Generations of Wealth Podcast) Guest: Jay Conner (Author, Speaker, Host of Raising Private Money Podcast) Duration: ~40 minutes

Summary: In this episode, Derek sits down with Jay Conner to unpack the art of raising private money for real estate without using banks or institutional lenders. Jay shares his journey from depending on traditional financing to mastering private money strategies since 2009. Together, they walk listeners through mindset shifts, finding and educating lenders, and even turning dead leads into funding opportunities.

✅ Key Takeaways

• Private Money is Relationship-Based: Most funding can come from your existing warm market—people you already know, including friends, family, church members, or business connections.

• You Are the Underwriter: As a borrower using private money, you control the terms—interest rates, LTV, payback terms, and more.

• Teach, Don’t Pitch: Jay emphasizes educating potential lenders instead of chasing them.

• Where to Find Lenders: 3 key sources—your warm market, expanded network (BNI, REIAs), and existing private lenders from SDIRA (self-directed IRA) groups.

• No Banks, No Credit Checks: Jay hasn’t signed personal guarantees or credit checks in over 500 deals. Deals are secured with the property.

• Dead Leads = Funding Opportunities: Sellers who don’t sell can still become private lenders post-sale.

• 8% Interest Works in All Markets: Jay has been paying a steady 8% since 2009, despite rising bank rates.

• Bring Home Cash at Closing: By borrowing up to 75% of ARV, investors can pocket excess capital for rehab and operational costs.

• Minimal Paperwork, Maximum Simplicity: Only key documents like HUD, promissory note, deed of trust/mortgage, and insurance.

🎯 Why Should You Listen?

• Learn how to secure unlimited private capital for real estate—without begging banks.

• Understand why educating potential lenders builds trust and control.

• Discover how to convert seller leads into capital sources.

• Get insider tips on closing faster, avoiding credit checks, and scaling without institutional financing.

Topic Time Intro & Shared History 0:00 – 3:45 How Jay Started Using Private Money 3:46 – 8:30 Teaching Instead of Pitching 8:31 – 12:00 3 Types of Lender Sources 12:01 – 18:00 Jay's BNI Strategy 18:01 – 20:30 Turning Dead Leads into Lenders 20:31 – 22:00 Why Private Money Beats Bank Money 22:01 – 27:30 Bringing Home a Check at Closing (Example) 27:31 – 31:00 No PGs, No Credit Checks 31:01 – 33:30 Simple Paperwork Setup 33:31 – 36:30 Jay’s Book & Bonus Tickets 36:31 – 38:30 Final Thoughts & Podcast Plug 38:31 – End

 

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