Episode 118: Building a Lucrative Network of Private Lenders in Real Estate

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Welcome to another amazing and informative episode of Raising Private Money with Jay Conner!

Today, we have an exciting topic to share with you that can revolutionize the way you raise and leverage private money to maximize profits on every deal.

In this podcast, you’ll hear valuable insights and actionable steps on how to:

  1. Leverage volunteering and community involvement to expand your network
  2. Identify potential private lenders within your existing warm market
  3. Create valuable relationships by leading with a servant’s heart
  4. Engage with groups and organizations to offer your expertise and provide value
  5. Overcome the fear of presentations and set goals to connect with potential lenders
  6. Implement a system to educate and teach your network about private money

Moreover, you’ll be inspired by Dan Kinder’s incredible success story in raising over $500,000 in just two months by applying these principles and techniques.

If you’ve been wondering how to grow your network of private lenders and attract investment capital effortlessly, this episode is a must-listen. Jay Conner shares invaluable advice that can take your real estate investing to new heights.

Remember, the money comes first, and with the right network of private lenders, the possibilities are endless!

Timestamps: 

0:31 – How To Grow Your Network Of Private Lenders

2:00 – Keyword: Volunteer

2:26 – Get Involved!

3:31 – Put On Your Teacher’s Hat

5:25 – Take A Risk And Set A Goal

8:50 – Your Network Has A Direct Correlation To Your Networth 

 

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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal.

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Building a Lucrative Network of Private Lenders in Real Estate

 

Narrator [00:00:01]:

If you’re a real estate investor and are wondering how to raise and leverage Private Money to make more profit on every deal, then you’re in the right place. On Raising Private Money, we’ll speak with new and seasoned investors to dissect their deals and extract the best tips and strategies to help you get the money because the money comes first. Now here’s your host, Jay Conner.

 

Jay Conner [00:00:30]:

How to grow my network. And when I say how to grow my network, I’m just not talking about where you go, but I’m talking about specifically actionable steps. It. How do you grow a meaningful list of relationships with people that you may not have right now? So and I know you all will agree with me when I say this. There is a direct correlation between your net worth and your network. And by the way, in addition to Crystal, Chaffee is one of the best networkers I’ve ever met on the planet as far as having an exact system, Step by step, how to grow and nurture those relationships. So first of all, One thing you said, Tim, that’s very, very important. You said the word volunteer.

 

Jay Conner [00:01:25]:

So so So I want everybody to get this. And by the way, Crystal and myself, Banjo and Erica, who are also in it. Platinum and Mastermind members, at the live event, which is 2 weeks from today. We’ll talk about that a little bit later. But at the live event, we do a drill-down session at the live event on this topic. So we’re sort of gonna be touching the hem of the garment, if you will, here in this session. But we’re gonna drill down at the live event. Spell it out and flesh it out.

 

Jay Conner [00:01:58]:

So one word you said, Tim, was a volunteer. So if you want to grow your network of people, and meaningful relationships, In a very meaningful way, then we say it all the time. You want to be a go-giver. You want to be a leader with a servant’s heart, and you want to get involved. There’s a keyword. You want to get involved in groups where you can serve and get to meet other people. Now Now, Mert, I think it was. Yeah.

 

Jay Conner [00:02:36]:

Mert says and what you said, Mert, was very, very important. Mert in the chat said, when I worked on my warm list it. That is like, we teach our platinum and mastermind members how to make that list of people on your warm list to reach out to. When Mert worked on her warm list, she realized how many potential private lenders she knew that she didn’t even think you did. So Right there is a big point. I wanna stop right there before we get into networking. When you go through the actionable steps that I and the team leader it. It allows you to grow your network and identify who might be a potential, private lender in your warm market with people that you’ve got some kind of relationship with.

 

Jay Conner [00:03:20]:

I promise you, when you go through that exercise, like Merges says, You are gonna find out and you’re going to identify that, oh, guess what? Oh, my lands. I do have quite a few people On my cell phone, on my email list, and on my social media that I could be teaching right now. So when we say teaching, Remember, we’re not asking, begging, chasing, or persuading. We’re putting on our teacher hat, right, our Private Money teacher hat, And we’re sharing and we’re teaching people in our network what Private Money is all about. So back to one thing you said, Tim. You said volunteering. So, Crystal, I’m glad your audio is working because we’re gonna we’re gonna dive deep here for a little bit in a little bit. But As to the different groups that, you know, you can get involved in, the different groups you’ve gotten involved in.

 

Jay Conner [00:04:16]:

But that’s a big, big, important lesson to know going in front. You’re not joining these groups upfront to get to receive. You’re joining these groups upfront to serve, to bring value, and to volunteer as to how you can help out. And you know what? The cream rises to the top. When you are offering first to serve and be a volunteer in these different groups, Then you’re gonna rise to the top. I wanna go ahead and let’s say, Tim, something else you said. Not only did you say volunteering, But you also did name the church. So if you are a member of your church, if you’re a member of a church, it.

 

Jay Conner [00:05:03]:

Then we have a specific way that we teach how you can teach people that you know how they can become involved and become a private lender. So volunteering, teaching, serving, I wanna cover these other comments in the chat before we dive into the specifics. So, Dan, Dan says, take a risk. Put yourself out there. Set a goal of 1 presentation a week. The worst they can say is Now a goal of 1 presentation a week. What kind of presentation are you talking about?

 

Dan Kinder [00:05:57]:

Yeah. Hey. Thanks for asking my opinion. This is the 2nd call I’ve been on, so it’s great to meet you via the World Wide Web here. I used to be a 4th-grade teacher. That’s what I got my degree in. And, because of some things, I met my wife at church. Her debt to income was horrible.

 

Dan Kinder [00:06:17]:

It took me 6 years to graduate. She went to a private college. So I got into sales. God’s been good to me. I’ve had fantastic mentors, business coaches, and things like that. I’ve been investing for 15 years in real estate. So I enjoy talking about real estate. Since I read your book, in 2 months, I’ve raised over $500,000.

 

Jay Conner [00:06:41]:

Woo! Mercy!

 

Dan Kinder [00:06:43]:

Yeah. I got this.

 

Jay Conner [00:06:44]:

Well, now I met Dan Cain. We gotta stop right there. Since you raised over $500,000 in 2 months I’m just reading the book. You deserve the Private Money Academy, a very sophisticated golf clap. Right? Everybody is giving Dan Can The sophisticated golf clap right there. Way to go. Well, love it. I like well, now I want everyone to take note of the nugget That Dan just shared.

 

Jay Conner [00:07:10]:

And 1 nugget that he just shared was he came up, with a fun statement that says, I teach people how to make money in their sleep. I love it, being passive. And, so lots of nuggets there, Dan. Also, as you were talking, Dan, it reminded me of another very, very important principle. We all know who people want to do business with. People wanna know wanna do business with people that they like and they trust. We all know that. Right? Well, what better way And there’s no hidden agenda here.

 

Jay Conner [00:07:50]:

This is all genuine. This is all genuine. But what better way for someone to come to know you and trust you than to be seen as a person who is volunteering and serving with no strings attached whatsoever? Right? I don’t know a better or quicker way for the trust factor to, you know, go out the ceiling. Dan, thank you so much for, sharing Your story and for sharing some nuggets there. Ashley says I’m trying to figure out how to get Private Money. That’s why I’m here. Way to go.

 

Jay Conner [00:08:23]:

You got it. You’re in the right place. And, saw a couple of averse to this idea of networking and didn’t quite get it. See, the benefit of it. And, I remember I remember us meeting in the conference room when we were talking about this talking about, you know, how to grow your network and and and these principles that we’re talking about. So first of all, share share with everybody first, Crystal. Why did you feel like Network by the way, folks, I will say this, and then I’ll finish my question. I say the more money you all are in, the more money sticks it.

 

Jay Conner [00:09:30]:

Now what do I mean by that? The more, the more people that you’re hanging around with it. That has investment capital or retirement funds, obviously, just passively you’re going to attract that to you. 

 

Narrator [00:09:46]:

Are you feeling inspired by the knowledge you gained in this episode? Then head over to www.JayConner.com/MoneyGuide. That’s www.JayConner.com/MoneyGuide,  and download your free guide that shares Seven Reasons Why Private Money Will Skyrocket Your Real Estate Business right now. Again, that’s www.JayConner.com/MoneyGuide  to get your free guide. We’ll see you next time on raising Private Money with Jay Conner.