Raising Private Money with Jay Conner
Get The Private Money First! - Real Estate Investing Without Using Banks
Podcast summary created with Snipd AI
Quick takeaways
- Securing private money before putting a property under contract is crucial for real estate investors, as it provides confidence and clarity on funding sources
- Leveraging personal connections and networking is an effective way to find private lenders, with conversations, webinars, and existing relationships being key drivers
Deep dives
Importance of securing private money before closing deals
One of the main insights from the podcast episode is the importance of securing private money before putting a property under contract. The host emphasizes the need to have the money lined up first, rather than relying on the assumption that the funds will magically appear. The episode highlights the significance of being confident and informed about where the money will come from before making an offer. It is stressed that investors should focus on getting the money lined up by exploring various channels such as one-on-one conversations with potential lenders, explaining the program and the benefits offered, and targeting friends, family, and co-workers who may be interested in investing. By securing private lenders and having clear funding sources, investors can proceed with more confidence and ease when pursuing real estate deals.
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