Episode 93
071: How to Buy and Sell Real Estate using Private Money with Jay Conner
Jay Connor is a real estate and business developer, national speaker and private lending expert. He has been buying and selling houses for 14 years and has been involved in over 52 million dollars in transactions. Over the last seven years, Jay has automated his 7-figure business to where he works less than 10 hours per week. He has raised millions of dollars and is a contributing author to the book: Real Estate: Getting Deals Done in the New Economy.
Notes from this interview include:
- Jay grew up in mobile home and manufactured housing industry
- How Jay went from traditional bank financing to private lending
- Jay has rehabbed over 350 houses and done even more deals than that
- Jay defines what a “private lender” is (and how it is different from a hard money lender)
- A private lender will loan money for transaction from their own capital or retirement accounts
- How individuals can use self-directed IRAs to invest in real estate
- How to find private money lenders - using your warm market
- If you are just starting out, the best way to get lending is to leverage someone with a track record as a business partner
- How Jay has automated his business so that most of his activities are delegated or outsourced to someone or a technology
- Why Jay uses a lot of virtual assistance to take care of the administrative tasks of running the business
- The biggest mistake Jay made in building his business - not hiring a coach
- Why Jay got into coaching for real estate investors
- How Jay leverages social media and why he does a lot of FB Live
- Info on Jay’s next event
Links:
If you are interested in coaching or have feedback or questions on the podcast, feel free to send me an email: andy@andystorch.com
