Raising Private Money with Jay Conner Building Wealth Through Real Estate: Insider Perspectives from Real Estate Experts
Welcome back thriving real estate endeavors to another amazing episode of the Raising Private Money Podcast with Jay Conner!
Today, we share with you the best tips on how to successfully navigate the ever-changing waves of the real estate market.
Jay Conner sits down with special guest and good friend, Chris Prefontaine, an expert in real estate investing with almost 30 years of experience.
They delve into the world of creative financing, private money lending, and finding success in a niche market.
Chris shares invaluable insights for finding success in real estate investing, including finding a niche that you love, learning from someone experienced in that niche, and staying focused on your niche for 3 to 7 years, avoiding distractions along the way. Jay and Chris discuss the importance of following these principles.
What makes this episode even more exciting is the discussion on private money lending. Chris and Jay both share their personal experiences and the benefits they've gained by borrowing money from individuals instead of traditional lenders. They highlight the importance of treating people well, delivering on promises, and attracting private money lenders through solid relationships.
Additionally, Chris dives deep into the world of creative financing and terms, sharing his expertise in structuring deals without traditional bank financing. He walks us through his own experiences with creative financing for condominium conversions before the 2008 financial crisis.
Chris and Jay both emphasize the significance of understanding creative financing and terms, and how teaching others about these concepts can attract lenders and investors.
So, if you're interested in learning more, be sure to tune in to the podcast episode and gain valuable insights from Chris Prefontaine and Jay Conner.
Lastly, as a special bonus, Chris Prefontaine is offering two free books to our listeners. Simply visit www.wickedsmartbooks.com/jay1 to claim your freebies!
Remember, successful and sustainable real estate investing is all about finding your niche, building relationships, and understanding the power of creative financing.
So grab your surfboard and join us as we ride the waves of opportunity in the real estate market!
00:01 - Attracting Private Money For Real Estate Deals Without Asking For It
03:44 - Jay Conner: We Are Not Borrowing Unsecured Money
09:07 - Owner Financing With Free And Clear Property Or Subject To Seller's Mortgage.
11:30 - Shortage Of Inventory, But Motivated Sellers Exist.
16:42 - Leading With A Servant's Heart In Business.
17:43 - Private Money And Creative Financing