Where to Get Private Money Now with Jay Conner
In real estate investing, the belief that banks are the sole source of funding for deals can limit new investors. But what if there's an alternative?
In the latest episode of Zen and the Art of Real Estate Investing, Jonathan explores private lending with guest Jay Conner. An investor since 2003, Jay's journey took an unexpected turn when a bank cut him off during a financial crisis. This propelled him to discover private lending, reshaping his funding approach. Jay's remarkable ability to comprehend seller motivations and his mastery of networking have made him a private lending expert, transforming his deal volume.
Jay's journey into real estate, ignited by his father during childhood, offers a unique perspective. He unravels the advantages of investing in a smaller market versus a larger one. Get a deeper understanding of the pitfalls of sealing a deal without confirmed finances. Jay also shares advice tailor-made for new investors. And the icing on the cake? Learn how to snag a complimentary copy of his book on real estate investing.
Some topics Jonathan and Jay cover include:
You don’t necessarily need to invest in a big market to reap the benefits of real estate investing. Strong community connections can allow you to find organic leads from sellers. It also means less competition.
Jay tripled his business in 12 months once he discovered private lending. In less than 90 days, he raised $2.15 million, which allowed him to scoop up foreclosures during the financial crisis that caused the bank to stop lending to him.
If you’re serious about real estate investing, you should evaluate whether this will be a business or a hobby. How will you find leads? You won’t have a business until you have consistent leads.
There are dangers to private lending for unseasoned real estate investors. Learn to recognize those red flags so that you don’t lose money.
Jay’s enthusiasm for teaching others to invest and use private lending the way he has is infectious, and his desire to teach others what he’s learned is unmistakable.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out http://www.trustgreene.com/podcast/zen/060.