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June 26, 2020

Private Money Power, with Jay Conner

Episode 178:

Jay Conner has been buying and selling houses for fourteen years in a city with a population of only 40,000, with profits averaging $64,000. He has successfully rehabbed over 300 houses and been involved in over $52 million in total transactions.

For the past seven years, Jay has completely automated his seven-figure income business to the point where he works in his business less than 10 hours per week. He has consulted one-on-one with over two thousand real estate investors and raised $2,150,000 in private money in less than 90 days.

Jay is a National Speaker on the topics of Private Money, Automation, and Foreclosures. He is the bestselling author of “The New Masters of Real Estate: Getting Deals Done in the New Economy.”

He is a leading expert on Private Lending, marketing, and business development, and served as past president of Business Networking International. He and his wife, Carol Joy, reside in Morehead City, North Carolina.

What you’ll learn about in this episode:

  • Jay describes his business, focused primarily on single-family houses but which also includes commercial real estate
  • How Jay has managed to succeed and make significant profits even in his smaller local real estate market, how Jay structures deals, and how his exit strategy works
  • How Jay prepares for unexpected events such as market corrections and life events for rent-to-own buyers
  • Why Jay, The Private Money Authority, defines private money as doing business with individuals, not banks or hard money lenders
  • Why he first approaches potential sellers with terms deals and then switches to private money if the seller won’t agree to terms
  • What significant advantages Jay’s methods offer over borrowing money from financial institutions or hard money lenders
  • How to get access to a free online class called “Where to Get the Money Now” to learn how to locate and get money from private lenders
  • What key early mistakes Jay made in his business, and what important lessons he learned from the error
  • Jay shares the details of the biggest deal he’s ever worked on, turning over a profit of around $200,000 on a single-family home
  • Why Jay recommends you read “The 5AM Club: Own Your Morning, Elevate Your Life” by Robin Sharma

Resources:

Jay Conner’s Recommended Reading List:

Additional resources:

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