Raising Private Money with Jay Conner
Private Money Playbook: Ignite Your Real Estate Investments Like Never Before
Aug 31, 2023
In this exciting podcast, Jay Conner explores the world of private money, showing how to raise and leverage funds for real estate deals by connecting with eager individuals. He recommends Quest, a self-directed IRA company, as a great option for accessing retirement funds. Jay also reveals a unique approach to securing funds without lengthy application processes by first educating potential lenders on the benefits of his private lending program. Learn about the differences between borrowing from private lenders and traditional banks, and the importance of assuming people want to fund your deals.
10:06
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Quick takeaways
- Private money allows investors to set their own rules and terms, unlike traditional borrowing from banks.
- Investors should approach private lenders with the mindset of offering them a high rate of return and demonstrate the benefits of their investment opportunity.
Deep dives
Key Point 1: Raising Private Money
The podcast episode discusses the importance of raising private money for real estate investing. It emphasizes that in the world of private money, the investor sets the rules, including the interest rate, term, and frequency of payments. Private money is obtained from individuals who have retirement funds or investment capital, and they can move these funds to a self-directed IRA company, such as Quest Trust. Unlike traditional borrowing from banks, there is no application process or pitching deals. Instead, investors simply inform private lenders about the property location, after repaired value, funding required, and closing date, assuming that they already want to fund the deal.
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