***Guest Appearance
Credits to:
https://www.youtube.com/@PlayBigFasterPodcast
“Jay Conner, the Private Money Authority: How To Get PAID At CLOSING”
https://www.youtube.com/watch?v=Hobyjd_poXw
Are you a real estate investor struggling to fund your deals, tired of jumping through hoops at the bank, or nervous about your credit standing? According to Jay Conner—“The Private Money Authority”—there’s a better way: tapping into private money.
On the recent episode of the Raising Private Money podcast, Jay broke down his proven approach to raising limitless funds for real estate, bypassing the banks, improving profits, and making investing easier for everyone—from complete novices to seasoned pros.
What is Private Money?
First, Jay spells out what makes private money different from traditional or hard money loans. Traditional funding—like banks and mortgage companies—involves strict rules, credit checks, and lots of red tape. You borrow on their terms, not yours.
On the other hand, private money comes from individuals investing their own capital or retirement funds directly with you. There’s no middleman, no institutional underwriting, and best of all: “You set the rules.” Jay’s system allows him to pay 8% interest—significantly better than bank certificates or other safe investments—on straightforward terms, with no fees or points. For more than a decade, he’s successfully leveraged private lenders without once needing to show his credit score.
Why Private Money Beats Hard Money
Hard money loans are a step up in speed from traditional financing, but they’re still expensive (think 12–14% rates), short-term, and packed with fees. Plus, there are still limits to how many deals you can finance. Private money, by contrast, offers unlimited scale, flexibility, and often better rates. Jay explains that you’re not just borrowing money—you’re building relationships and teaching others to safely get excellent returns on their capital.
No License or Experience Required
A common misconception is that you need a real estate license or an established track record to raise private money. Jay busts this myth: as long as you’re investing for yourself (not representing others), you don’t need a license. And because private money is secured by real estate, not your credit score, experience isn’t a prerequisite, either.
Jay emphasizes the power of teaching. “Not one of my 47 private lenders had ever heard of private money before I taught them,” he says. By putting on the “teacher hat,” you empower others to invest in your deals, opening doors for both you and them.
Where Do You Find Private Lenders?
Jay outlines three key sources:
- Your Warm Market: Friends, family, business associates, church groups—anyone you already know. Educate them on private lending, and most will be intrigued by the returns and security.
- Your Expanded (Warm Market) Network: Grow connections by joining business organizations like your local BNI (Business Networking International). There’s only one real estate investor per group, making you the go-to expert.
- Existing Private Lenders: Found at self-directed IRA networking events, these individuals are already lending to real estate investors and may be looking for new opportunities.
Most people with retirement accounts have never been shown how to self-direct their IRAs into real estate, where they can earn higher returns—often tax deferred or tax free.
Making the Numbers Work
To ensure every deal is profitable, Jay shares his “Maximum Allowable Offer” formula: Take the after-repaired value (ARV), multiply by 70% (or 80% if the ARV exceeds $300,000), subtract estimated repairs, and add a “Murphy factor” for the unexpected. This system keeps investors protected and ensures private lenders are always secure with a solid equity cushion.
Final Advice
Jay’s parting guidance? “Don’t go it alone.” Find a coach or mentor to help you get started, avoid rookie mistakes, and accelerate your success.
Want to Learn More?
Jay’s book, Where to Get the Money Now, goes deeper into his approach and even comes with tickets to his Private Money Conference. If you’re ready to break free from banking bottlenecks and supercharge your real estate career, it might be time to learn the secrets of private money.
10 Discussion Questions from this Episode:
- What are the main differences between private money, traditional banks, and hard money lenders when it comes to funding real estate deals?
- Jay Conner emphasizes the importance of “putting on your teacher hat” when attracting private lenders. Why is education so crucial in his approach, and how does it benefit both the lender and the investor?
- According to Jay, you don’t need a license or good credit to secure private money. How does this democratize real estate investing, and what might be some potential risks or challenges?
- Jay talks about three main places to find private lenders: your warm market, expanded warm market, and existing private lenders. Which of these do you think would be the most effective starting point, and why?
- He mentions using self-directed IRA companies to tap into retirement funds for private lending. What are the benefits and potential pitfalls of this strategy for both investors and lenders?
- Jay outlines a formula for the “maximum allowable offer” on a property. How does this formula help in risk management and ensuring profitability?
- What role does relationship-building play in Jay’s private money system, and how does it differ from traditional approaches to real estate financing?
- Jay advises against negotiating with existing private lenders and prefers educating new ones. What are the strategic reasons behind this approach?
- In the episode, Jay shares that new investors should get a mentor or coach. How crucial is mentorship in real estate investing, especially for those using private money?
- After listening to Jay’s story of pivoting after being cut off by banks in 2009, what lessons can entrepreneurs take about resilience and innovation in their businesses?
Fun facts that were revealed in the episode:
- Jay Conner Raised $2.15 Million in Just 90 Days: After being cut off by traditional banks in 2009, Jay Conner developed his private money system and was able to raise $2.15 million in private money in just a few months, jumpstarting a new chapter in his real estate investing career.
- No License or Credit Needed: You don’t need a real estate license or a perfect credit score to raise private money for real estate deals the way Jay teaches. He’s worked with 47 different private lenders, none of whom ever asked for his credit score!
- Jay’s Maximum Allowable Offer Formula: When analyzing investment properties, Jay uses a quick math trick—he multiplies the “after repaired value” (ARV) by 70% (or 80% if the property is worth over $300,000), then subtracts estimated repairs and adds a “Murphy factor” (just in case things go wrong) to decide the maximum offer he’ll make. This keeps his deals safe and profitable!
Timestamps:
00:01 Institutional vs. Private Money Explained
03:33 Money’s Rule: Institutional vs. Hard
06:44 Introduction to Private Money Lending
13:10 Expanding Private Lender Networks
15:15 Finding Private Lenders: Self-Directed IRA Network
18:13 Finding Discounted Properties
22:55 Adjusting Property Offers for Risk
25:11 Free Book and Conference Offer
28:05 Download Free Real Estate Guide
Connect With Jay Conner:
Private Money Academy Conference:
Free Report:
https://www.jayconner.com/MoneyReport
Join the Private Money Academy:
https://www.JayConner.com/trial/
Have you read Jay’s new book, Where to Get the Money Now?
It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book
What is Private Money? Real Estate Investing with Jay Conner
http://www.JayConner.com/MoneyPodcast
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.
#RealEstate #RealEstateInvesting #RealEstateInvestingForBeginners #Foreclosures #FlippingHouses #PrivateMoney #RaisingPrivateMoney #JayConner
YouTube Channel
https://www.youtube.com/c/RealEstateInvestingWithJayConner
Apple Podcast:
Facebook:
https://www.facebook.com/jay.conner.marketing
Twitter:
https://twitter.com/JayConner01
Pinterest:
https://www.pinterest.com/JConner_PrivateMoneyAuthority
Expanding Real Estate Investment Opportunities Using Relationship and Networking Capital
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 [00:00:29]:
Wants to get paid to buy properties and not take any of your own money to the closing table. My real estate attorneys’ check stub sends excess cash to close, and I love me some excess cash.
Scherrie Prince [00:00:42]:
I’m thrilled to introduce Jay Conner, the Private Money Authority. After being cut off by the bank in 2009, Jay developed a revolutionary funding system that raised $2.15 million in private money within months. With over $118 million in transactions and 500 home rehab, Jay averages an impressive $82,000 per deal in profit while working just 10 hours a week through automation. In this conversation, Jay shares his experience of securing private money lending in unlimited amounts. Regardless of your credit or experience. Disruptors get ready for game-changing strategies from this nationally recognized investor who’s mentored over 2000 entrepreneurs in creative estate financing.
Scherrie Prince [00:01:30]:
Jay, welcome to the podcast.
Jay Conner [00:01:32]:
Cherie, thank you so much for inviting me to come along and talk about the subject that I’m so passionate and excited about, that being private money for real estate deals. And why is that? Because private money has had more of an impact on my and my wife Carol Joy’s real estate investing business than anything else we’ve done since we started back in 2003.
Scherrie Prince [00:01:56]:
Wow. Now, when you say private money, because there are so many different ways that you can finance real estate deals, I just want to start out by just giving our viewers and listeners a foundation, because you have your traditional ways of getting money. Go to a bank, take out a loan, or you may have a piggy bank or mattress money. What is private money versus traditional lending? And some real estate investors use hard money. Can you just go through that with us first?
Jay Conner [00:02:22]:
Absolutely. So the distinctions, and there are many distinctions between institutional money at the local bank or a mortgage company, and then hard money, and then private money, are as follows. When I, when we started investing in single family houses back in 2003, the only thing I knew to do to get my deals funded is go to the local bank, get on my hands and knees and say, please fund my deal and have my credit pulled and show personal financial statements and they got to do appraisals and all that, that’s all I knew to do. And that worked out okay until January of 2009, when everything changed. If time permits, I’ll tell that story. So we got banks and mortgage companies, they make the rules. Now this is one thing I had to get my head wrapped around when I started attracting private money from real estate deals, getting money from deals without ever asking for money. So one big distinction is that when it’s an institutional lender, whether it’s the local bank and mortgage company or hard money, and I’ll get to that in a second, they make the rules, which is traditional.
Jay Conner [00:03:33]:
Most people think whoever’s got the money is making the rules. They set the interest rate, they set the length of the note, the frequency of payments, and the maximum loan-to-value. They are the underwriter when they’re loaning, when they’re learning the money, institutional money, local banks, they make the rules. Now, hard money, what we mean by hard money is that it is typically a broker of private money, which we’ll get to in a second. A hard money lender is typically a broker that has gone out and raised private money from individuals, private money investors. And the private money lenders or investors invest in the hard money lender’s fund for them to get a nice return. And then the pride. The hard money lender then, in turn, loans that money out to us real estate investors.
Jay Conner [00:04:24]:
And so it’s d. So the hard money is different than in thatn say, the local bank. Typically they’re going to pull your credit, they’re going to pull your credit. But typically, they can fund faster than the local bank. It’s called a collateral-based loan. But to get the speed of closing on a hard money lender, by the way, I’m not poo poo and hard money lenders; some of my best friends are hard money lenders. They just use my techniques to go out and raise more money for their fund that they loan out to real estate investors. But anyway, hard money lending is going to have higher interest rates.
Jay Conner [00:04:59]:
Like today, your hard money lender might be between 12% and 14%. The length of their notes is typically only six months to nine months. You can get an extension, usually, but they want more money. For extension fees, they’re going to charge points, origination fees. Typically,y they’re not going to loan more than 65% to 80% of the purchase price. So there’s typically a pretty good-sized down payment that you have to bring to the table. So it’s expensive money. But if you’re only going to use it for six or nine months on a flip.
Jay Conner [00:05:33]:
Then you know, the math may work out. Okay. Now let’s get to private money. What in the world is private money? A private money lender is an individual, a human being, just like you and me, who loans money, invests their money from either their investment capital or their retirement funds by using a self-directed IRA company. That’s another conversation. But they loan up their money. And so a private money lender is a one-on-one transaction with no middle person involved between themselves wanting to invest their capital or the retirement funds directly, doing business with us, real estate investors. So I’ve been doing business with private money lenders since 2009.
Jay Conner [00:06:17]:
I’ve been paying them the same thing. That’s another big distinction. We make the rules. We are the underwriter. You said instead of asking for a mortgage, we’re offering a mortgage. Very different mindset, cherie. People tell me, How do I get started raising private money? I said the first thing you’ve got to do is own the real estate between your ears, which means you’re serving and you’re teaching. Not one of my 47, I got 47 private lenders right now, Sheree.
Jay Conner [00:06:44]:
Not one of them ever knew or heard of private money until I put on my teacher hat, which said not the teacher hat my teacher had. And I taught them about this world of private money. They never heard of it. They never heard of self-directed IRA companies and how they can use their current retirement funds and get high rates of returns safely and securely, either tax-free or tax-deferred. But back to the distinction we’re teaching them, we’re exposing them to this world of private money, private lending. We set the rules as the borrower. So we’re I’ve been paying 8%, I’ve been paying 8%. No fees, no points, no origination fees, no extension fees ever since February of 2009.
Jay Conner [00:07:34]:
So it’s a whole different way of thinking. But what it does is put you as the real estate investor; it puts you in the driver’s seat because you get to make the rules. You teach people about this world that they have never heard of it and now they’re all excited. It’s a win-win scenario. The local bank today might be able to get 3% in a certificate of deposit. We come along and pay them 8%. We don’t borrow unsecured money. We always collateralize the notes with here in North Carolina, a deed of trust.
Jay Conner [00:08:11]:
Most people call it a mortgage in most states. And so it’s a win-win scenario, everybody wins, and we get to make the rules. There’s no limit to the amount of private money you can get. There’s no limit to the number of private lenders you can have. When I was borrowing money from the banks, institutional money. And of course, if you’re using hard money, all that institutional money has a limit as to how many deals and the amount of money they’ll loan to you. There’s no limit in this world to doing business with a private lender.
Scherrie Prince [00:08:41]:
So, Jay, one thing that I think is that we need to point out is that you are not a real estate broker, and you don’t have to have a license to do this. Like anybody can do this.
Jay Conner [00:08:51]:
Correct. When I first started out, I had that same question. I said, As a real estate investor, do I need a license? And people ask me that question. The answer is no. You are an investor or your LLC or your land trust, whatever your vehicle that you’re using to buy the houses. But no, we don’t need a license. You need a license when you’re going to represent somebody else. That’s what realtors do.
Jay Conner [00:09:18]:
That’s what real estate agents do. They list houses, they put them in the multiple listing service, and they’re representing other people. That’s why you have to have a license. Hey, look, the only person I’m representing is me. No license needed.
Scherrie Prince [00:09:33]:
So, Jay, I am a. Let’s pretend that I’m a real estate investor or a would-be real estate investor, and I’m interested in private money. What about my credit? I don’t have experience, and I don’t have a license. Do I need credit to do this?
Jay Conner [00:09:46]:
That’s another beautiful thing. Institutional lenders, local banks, and hard money lenders they going to pull your credit. They’re going to pull your credit. In this world of private money, your credit score’s got nothing to do with how much private money you can get. Not one of my private lenders has asked to see my credit score. And here’s why. Because it’s a collateral-based loan. We’ve got a conservative loan-to-value as far as the maximum that we’re going to borrow of the after-repaired value.
Jay Conner [00:10:21]:
That’s another important distinction. Our maximum loan to value is not the loan to value of the purchase price, it’s the loan to value of after after-repaired value. Which means I get to bring home a big check every time I buy a property. Who wants to get paid to buy properties and not take any of their own money to the closing table? My real estate attorney’s check stub says excess Cash to close. And I love me some excess cash. Always bring them a big check when you buy. But back to the question of credit. I was born with private money from individuals, and I taught them all.
Jay Conner [00:10:56]:
I taught them all. And you can too. I say, just duplicate my program. As to what I teach, it seems to work pretty well. And none of them have ever asked to see my credit score because I’m back in that note with the real estate that I’m purchasing. So if the deal goes south, they’re protected. And what do I mean by that? New real estate investors ask me all the time, Jay, who in the world’s going to loan me money, and I’ve never done a deal. Who is going to loan me money, and I’ve never done a deal? Here’s the answer.
Jay Conner [00:11:28]:
If you don’t pay the private lender, the property does. What does that mean? What that means is if you don’t hold up your end of the bargain, you’re giving them a mortgage or deed of trust. Then guess what? If you don’t pay them, they get the property. Now they don’t want the property. That’s why they are a passive private lender investor. They don’t have to deal with the property, but if you don’t pay them, they get the property. And we keep a 25% equity cushion to protect them. We don’t borrow more than 75% of the after-repaired value, which means they’re going to be protected.
Jay Conner [00:12:05]:
If it’s a $200,000 after-repair value house, we’re not going to borrow more than 150,000. Now, I’ll buy that house all day long for 100,000 if it needs maybe 30,000 in renovations. But again, they are protected. Your credit is never pulled.
Scherrie Prince [00:12:26]:
You’ve answered so many of the questions that I know people are interested in. You don’t need credit, you don’t need a license. So now I just need to know where to find these private lenders. Jay, we don’t have phone books anymore. Do I need to Google these private lenders? How can I find these private lenders?
Jay Conner [00:12:41]:
So there are three categories of where you find private lenders. The first category is what I call your warm market. These are people you already know. They’re in your cell phone. You go to church with them, you’re in the Rotary Club with them, you play golf with them. It’s the people you regularly encounter throughout your daily life. That’s your warm market. Okay? I call it relationship capital is what that is.
Jay Conner [00:13:10]:
The second category of where private lenders are. And by the way, those people in your market they never heard of this world. That’s why you have to put on your teacher hat, teach them about it. The second category of private lenders is what I call your expanded warm market. Because if you want to scale your business, sooner or later, you’re going to run out of your list. You’re going to run out of your connections sooner or later. So, the expanded warm market is how you grow your network of relationships and connections? And of course, we all know there’s a direct correlation between your network and your net worth, right? And so I’ll give you one tip. Right now, one of the fastest ways to grow your connections is to join your local BNI, which stands for Business Networking International.
Jay Conner [00:14:07]:
My lands, even in alone smaller city, North Carolina, population 8,000 people, where we live, started up a BNI for goodness sakes 15 15 years ago with BNI. The purpose of that organization in your local chapter is what all your other fellow members are selling. You are talking about you. And there truly is only one attorney, one realtor, one general contractor, one plumber, one electrician, one H Vac, one essential oil sales lady, if you know what I’m getting at. And so when you join BNI as a real estate investor, you’re the only real estate investor in that group. And so you teach your fellow members about private money, and who do you want to get in front of? You want to get in front of folks who are looking for high rates of return, safely and securely. The third category of where you find private lenders is existing private lenders. They are individuals who are already loaning money out, already investing money with real estate investors.
Jay Conner [00:15:15]:
The challenge with that, though, is you’re not going to put on your teacher hat. They already know what private money is. They’re already lending money out, which means they might not be happy with your 8%. So now it’s a negotiation conversation, and I don’t want a negotiation conversation. I’d rather teach people what it is. But where do you find existing private lenders? I’ll tell you a great place to find them, and that is at self-directed IRA networking events. So what in the world is a self directed IRA company that’s a company that’s been approved by the IRS to where an individual can take current retirement funds that are maybe in a 401k or a previous employer’s 401k or maybe they have an annuity, or maybe they’ve got dedicated retirement funds that are tax deferred and they got it invested in the stock market, any kind of dedicated retirement funds. They can move those retirement funds over to the approved self-directed IRA company.
Jay Conner [00:16:24]:
No tax penalties, no tax effect. They move that money over, takes maybe a couple of weeks to fund their account. Now they can loan that money out, and they can invest their retirement funds. That’s why it’s called a self-directed IRA company. They truly self-direct those retirement funds. And now they can be a private lender with their retirement funds. And now all the interest that they earn in their account is either tax deferred until they take distributions, or it’s tax free if they’re using a RothIRA, which means taxes have already been paid, and all the profits, all the interest earned, are tax free. So that’s.
Jay Conner [00:17:08]:
So self-directed IRA companies have networking events on Zoom and in person. And, interestingly enough, over 70% of individuals who have a self-directed IRA account want to invest their money and loan their money out to real estate investors. They want to be a passive investor, a passive lender. Great place to find existing private lenders if you want to do business with existing private lenders.
Scherrie Prince [00:17:41]:
So this is good. And so I just have all these questions for you, Jay, and we’re gonna have to get you back on here to answer some of these.
Jay Conner [00:17:48]:
Yeah, this is just part one of three.
Scherrie Prince [00:17:50]:
I know it’s just part one. So the first thing that comes to mind. So now we have our teaching cap, but if I’m someone who’s a bit of a novice, let’s talk about numbers, because you can find the lenders, and you can have everything worked out. But if I’m identifying properties that will get me that excess closing cost at the end, what sort of ratios am I looking at when I’m looking at properties?
Jay Conner [00:18:13]:
Yeah, good question. So first of all, where do you find these properties that you can buy at discounted prices? I can tell you where you don’t find them. You’re not going to find them in the multiple listing service listed with a Realtor. I haven’t bought a property in the multiple listing service in over five years since COVID came along. There are no deals in the multiple listing service because particularly in our area, where we still have low inventory. When I get a house renovated and turn it into a beautiful Southern living, Ready for Southern Living magazine pictures. I turned to the multiple listing service, and I got multiple offers right away. We just listed a house on Country Club Road a couple of weeks ago, and in 48 hours, we had over 20 showings in our little town here.
Jay Conner [00:18:59]:
Multiple Offers. But anyway, back to where you find them and how you find them? All the properties that we buy are called off-market. And what we mean by off-market is they’re not listed with a realtor in the multiple listing service. So who are these people? There are all kinds of motivations that individuals have for looking to sell houses, and they don’t want to list them in the multiple listing service. The long list could be, unfortunately, that somebody has passed away. So now it’s an inherited property, and the family members of the heirs don’t want to deal with it. It may be in distress. They want to, but don’t want to spend money on it.
Jay Conner [00:19:38]:
So you got those people. Then you’ve got financial distress, you’ve got people who maybe lost a job, they can’t keep up the payments. Maybe somebody got a divorce, unfortunately, and now that whoever’s left for the house can’t keep the payments up. So there are all different kinds of financial distress or distress on the property. So how do we find these people who are in distress or the properties in distress? We direct mail to every borrower that’s facing foreclosure in our local area, and we have since 2004. And we direct mail, and we offer them solutions. We put money in their pocket to help them get back on their feet and get their life going. So we serve people who are facing foreclosure before their property goes to the courthouse steps.
Jay Conner [00:20:27]:
We do a lot of lead. So we’ve got seven different vendors that we pay money to every time they give us a lead. And what that means is somebody’s going on Google and they’ve searched one of 75 different phrases, such as how do I sell my house fast kind of thing. So those leads come to us from the different vendors. So that’s how we find them. Now, back to your ratio question. So when you’re paying all cash, whether it’s your cash, God forbid, or whether it’s a private lender’s cash, if you’re paying all cash, regardless of where the cash is coming from, here is the maximum allowable formula. The math makes the decisions, not your emotions, right? Take the emotion out of it.
Jay Conner [00:21:19]:
Let the math make the decision. Here is what we call the maximum allowable offer formula. So I take the after-repaired value of a property. Where am I going to get that from? My realtor is going, we’ll send the property address to the realtor and say, Hey, we want the after-repaired value. We’ve had someone notify us needing to sell their house, and so our realtors know that I want an after-repaired value, which means they know we’re going to put new flooring, new paint, and new light fixtures. It’s going to look and smell like a brand new home. So therefore they’re going to pull those kinds of sold comparables near that house. So I get the after-repaired value from the realtor, and we multiply that after-repaired value.
Jay Conner [00:22:07]:
Here’s the formula. Multiply the after-repaired value times 70%. So that accounts for your profit, some carrying cost. Now, if the after-repair value is over $300,000, I multiply it by 80%. If it’s under 300,000, I multiply times 70% and then I subtract the estimated repairs. So obviously, I can’t make an offer until I know what the after-repaired value is. I can’t make them an offer until somebody on my team has looked at the house and has estimated the repairs. So after repairing the value times 70% or 80% less estimated repairs, that equals the maximum allowable offer.
Jay Conner [00:22:55]:
But I don’t offer the max payable offer because there’s this guy that always shows up at every property that I buy, and his name is Murphy. And not only does Murphy show up sometimes, but Murphy’s cousins and aunts and uncles show up. So I got to put some Murphy factor money into this calculation. So if it’s less than $300,000 after repaired value, I’ll subtract an additional $10,000 for the Murphy factor, and then that gives me my maximum offer that I’m going to make. If it’s over $300,000, I’m going to subtract an additional $20,000 from the formula to give me my maximum that I’m going to offer. And again, that formula that I just shared is only when all cash is being paid. What am I comparing that to or contrasting it to? You can buy a property subject to the existing note with seller financing. We call that all creative financing, but that’s a different show.
Scherrie Prince [00:23:57]:
So why the distinction between 200,000 and 300,000?
Jay Conner [00:24:01]:
Because the higher the numbers, the higher the after-repaired value. Then we’re dealing in bigger numbers, which means I don’t need to have a 30% discount. I can be happy with a 20% discount and fewer repairs because I’m just dealing with bigger numbers. And when I’m dealing in smaller numbers, such as under 300,000, that’s why I’m gonna do the 30% discount.
Scherrie Prince [00:24:26]:
Jay, this is great, but for someone who, you know, may not have time to listen to the podcast or watch it. You have written a book on this subject. Tell me a little bit more about the book.
Jay Conner [00:24:36]:
Absolutely. So my recent book is called Where to Get the Money Now. This is not an ebook. This is an actual book. And the United States Postal Service is still in business, and it’s open anyway. Where to get the Money Now Subtitle: How and where to Get Money for your Real Estate Deals without relying on traditional or hard money lenders, this book reveals the exact private lending program and opportunity that I teach my new private lenders. And another important distinction. We never ask for money.
Jay Conner [00:25:11]:
We teach and we don’t. And look, I’ve never pitched a deal in all these years, so when I come back on your show, maybe we can talk about how I get my deal spending without ever pitching a deal. That’s a pretty interesting story as well. So, this book, how to get the money now? It’s 20 bucks on Amazon. But look, don’t spend 20 bucks. Let me give this book to you as a gift. Just cover shipping and handling, and autograph it for you. I’m also going to include two tickets valued at $3,000 for you to attend my upcoming Private Money conference.
Jay Conner [00:25:48]:
Wow, I don’t know another live event like that. So anyway, you can pick up the book at www.JayConner.com/Book again, that’s www.JayConner.com/Book, and I’ll rush it right out to you with the tickets to the Private Money Conference.
Scherrie Prince [00:26:17]:
Jay, thank you so much for joining us, and this has been so good. We’ve got to get you back on to talk about some more ways to help people prosper with real estate.
Jay Conner [00:26:26]:
Absolutely. I’m just so thankful to be invited to come along to talk about my favorite subject, and I look forward to coming back on to be with you again.
Scherrie Prince [00:26:36]:
And look before you leave because you’ve given us some great nuggets, but I have to ask everyone who sits in that chair and shares with our audience, if you had just one piece of information to share with entrepreneurs on how to play big faster with private money, what would it be?
Jay Conner [00:26:52]:
Don’t go alone. Don’t be out there on an island by yourself for goodness’ sake. If you’re brand new, be sure and get a mentor or a coach who can hold your hand. And don’t do it the way I did. I didn’t get a mentor or coach in real estate investing. So I’ve been in it for six years, and I lost hundreds of thousands of dollars because I didn’t know what I didn’t know. Work with somebody for sure when you’re starting.
Scherrie Prince [00:27:20]:
Guys, you heard it here first. We hope you enjoyed this episode, and if you did, please like and subscribe on YouTube and follow us on Apple, Spotify, or wherever you get your podcasts. Until next time, Play Big Faster.
Narrator [00:28:05]:
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 investing 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.