***Guest Appearance
Credits to:
https://www.youtube.com/@relationalrealestateguy
“Money Tree Real Estate Investor Podcast: Jay Conner”
https://www.youtube.com/watch?v=v-nXZQ6ZqYY&t=70s
In the world of real estate investing, securing funding is often the biggest hurdle for both new and experienced investors. The conversation between Jay Conner and William Holland shines a light on the immense impact of private money and how it can transform an investor’s approach, confidence, and results.
Jay Conner grew up in the housing business but hadn’t found his way into real estate investing until 2003, after working with mobile homes and manufactured housing. When financing for mobile homes dried up, he and his wife, Carol Joy, turned their sights toward single-family homes. What started as an uncertain new adventure in his small North Carolina market blossomed into a thriving business, flipping hundreds of houses with average profits far beyond what many would expect in such a small area.
The real breakthrough for Jay Conner came not just from finding good deals, but from solving the funding challenge in a way most investors overlook. Early on, he relied on traditional bank lines of credit to finance deals. That all changed abruptly in January 2009 when his local bank shut down his credit line without warning, despite years of excellent customer history. The aftermath of the 2007 financial crisis had trickled down, and Jay Conner found himself facing two under-contract properties with significant profit on the line but no access to funds.
This pivotal moment forced him to seek alternative solutions. Enter private money—funds provided by individual investors rather than institutions or hard money lenders. Through the guidance of a fellow investor, Jay Conner learned the essential differences and opportunities presented by private money, including leveraging self-directed IRAs that could passively invest in real estate deals tax-free.
The traditional borrower-lender dynamic, especially with banks, often puts investors in a position of begging or feeling at the mercy of underwriters. In contrast, Jay Conner built his own “private money program” that flipped this equation around. By developing clear terms—interest rates, loan-to-value ratios, payment frequency—he approached potential private lenders with confidence, teaching them how the program worked and letting the opportunity speak for itself. Instead of asking for money, he offered a clear business case, inviting lenders to participate in a predictable, secured, and attractive return-on-investment.
One of the standout advantages of private money is the speed it enables. With private funds lined up, investors can confidently make cash offers on properties—often closing within seven days. This quick turnaround increases the likelihood of offer acceptance, especially from owners selling properties themselves (FSBOs). Other buyers might dangle higher prices, but the ability to deliver an all-cash close in a week often tips the scales in favor of the private-money-backed investor.
Jay Conner also emphasized that the world of real estate investing is filled with common misconceptions. One persistent myth he actively disputes is the notion that “if you get the deal, the money will show up.” In reality, waiting until a property is under contract puts unnecessary pressure on the investor and can result in missed opportunities. By focusing first on lining up funds, investors move from a position of weakness to one of strength, able to make more offers and act with much greater certainty.
Education and mentorship came across as vital themes. Early mistakes cost Jay Conner significant sums, lessons he now shares with others through coaching, events, and his podcast. For those considering this path, having access to guidance, a proven system for attracting private money, and strategies for structuring deals ensures a much smoother and more profitable journey.
Ultimately, Jay Conner’s story demonstrates that successful real estate investing is not reserved for those in large markets or those with deep pockets. By adopting private money strategies, even investors in small towns can compete, scale rapidly, and enjoy substantial profits—all while building lasting relationships with their funding partners. The key is to put funding first, educate your finance partners, and create win-win opportunities that keep the money—and the deals—flowing.
10 Discussion Questions from this Episode:
- Jay Conner emphasizes the importance of lining up private money before searching for deals. How does this approach impact a real estate investor’s confidence and ability to make offers?
- What are the advantages of closing a deal in 7 days with all cash, as discussed by Jay Conner, compared to the traditional 30-45 day closing period?
- William Holland and Jay Conner discuss their backgrounds in real estate. How did Jay Conner’s experience in mobile homes influence his later success in single-family homes?
- What are some of the mistakes Jay Conner admits to making early in his real estate investing career, and how can new investors avoid similar pitfalls?
- The concept of “private money” is central to this episode. How does Jay Conner’s private lending program differ from traditional bank loans and hard money lending?
- How does Jay Conner utilize self-directed IRAs in real estate investing, and what benefits does this offer to potential private lenders?
- What is the “magic script” Jay Conner uses when contacting private lenders to put their money to work, and why is it effective?
- Why does Jay Conner believe it’s a mistake to buy real estate in your personal name, and what alternatives does he recommend?
- The episode covers the strategy of buying properties “subject to” the existing mortgage. What are the risks and rewards associated with this strategy, and what type of seller is most likely to agree to it?
- Jay Conner mentions his Private Money Academy and his commitment to teaching others. What motivates him to coach new investors, and how has coaching impacted his own investing journey?
Fun facts that were revealed in the episode:
- Jay Conner and his wife Carol Joy have rehabbed over 475 houses in their small market of eastern North Carolina, where their target market is just 40,000 people, yet they average $78,000 profit per house.
- Jay Conner transitioned from the mobile home industry, where his father once owned the largest manufactured housing company in the nation, to real estate investing after financing for mobile homes dried up in 2003.
- Jay Conner never asks for money directly when raising private capital; instead, he teaches potential lenders his private money program, so by the time he calls with a deal, they are already eager to get involved.
Timestamps:
00:01 Secure Funds First for Deals
05:02 From Mobile Homes to House Flipping
06:59 Starting Real Estate in 2003
10:06 Line of Credit Shutdown
16:09 Private Money for Real Estate
17:04 Mastering Private Money & Real Estate
21:39 Profitable Deals with Distressed Sellers
23:48 Private Money Academy Podcast
Connect With Jay Conner:
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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
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Get Paid to Buy Properties: Jay Conner’s Approach to Real Estate Funding
Jay Conner [00:00:00]:
Get the money lined up first. The money comes first. There’s always going to be deals. And do the business the way I do it. I’m telling you, I got students all the time getting more than $500,000 in private money ready to go in 30 to 90 days. Think how much more confident— think how much more off— how many more offers you’re going to make when you have hundreds of thousands of dollars burning a hole in your pocket. And you can close in 7 days. I make all my offers so that you can close in 7 days. You’ll get more offers accepted, particularly from FSBOs, for sale by owners, when you tell them you can close all cash in 7 days.
Jay Conner [00:00:38]:
You’ll have other real estate investors or competitors offering more money, but they can’t close for 30 days or 45 days. I’m putting the check in their pocket in 7 days. You get more offers expect— uh, accepted. When you’re offering to pay all cash, and you can close in 7 days.
Narrator [00:00:56]:
If you are a real estate investor and are wondering how to raise and leverage private money to make more profit on every deal, then you are 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.
William Holland [00:01:24]:
Welcome to the Money Tree Real Estate Investor Podcast, where we learn from real estate professionals across the industry. They will share about how they got into real estate, the big wins they have celebrated, the mistakes they have made along the way, and the advice they have for anyone following in their footsteps. Money really does grow on trees. Hey everybody, it’s William Hollands here for another episode of the Money Tree Real Estate Investor Podcast. I’ve got a special guest, he’s just a jovial guy, got a great personality, Jay Conner. In the building.
Jay Conner [00:01:53]:
Oh my lands! I think that’s my cue to say hello. Hey, William, I am so excited to be here with you. So much gratefulness for you inviting me to come on the show to talk about my most passionate subject in real estate investing, and that’s private money. Private money rocked mine and Carol Joy’s world all the way back in 2009. And since that time, we’ve never missed out on a real estate deal for not having the funding.
William Holland [00:02:22]:
That’s awesome, man. I can’t wait to dive in with you. So, where are you from, Jay?
Jay Conner [00:02:26]:
Right here in eastern North Carolina, in this little teeny tiny town called Morehead City, North Carolina, population 8,000 people. We’re right here on the coast at Atlantic Beach and Emerald Isle, North Carolina, an hour and a half north of Wilmington, 3 hours north of Myrtle Beach, South Carolina. And here’s the crazy thing. Our total target market is only 40,000 people. 40,000 people are the market that we target. But guess what? We do 2 to 3 deals every month. The average profit is $78,000 per house, which we do here in our local market. I don’t say that to brag.
Jay Conner [00:03:04]:
I just say that to share the story. You don’t have to invest in a big market to really make some big money.
William Holland [00:03:12]:
Man, the big city, the big city. Well, I know you just got back from Texas. We’re recording this— I did.
Jay Conner [00:03:18]:
I flew from Dallas-Fort Worth. Yeah. My wife, Carol Joy, one of her brothers— she’s one of 7 kids— was celebrating a big old birthday out there in Dallas-Fort Worth. And sorry, our phones are ringing off the hook here. Anyway, celebrating a great big old birthday out there. So there were 31 of us in one of the nephews’ homes, and we did a birthday and, you know, did the holiday together. Fantastic time. I tell you what, when I go to Dallas-Fort Worth, you know what? If I could just get myself a little bit of brisket one time a day, it would put a smile on my face.
Jay Conner [00:03:54]:
And I don’t want any of that lean cut stuff. I want marbling. I want marbling. I want the fat. I want the flavor.
William Holland [00:04:03]:
Yes, sir. Yeah, I get to— I get to that all the time.
Jay Conner [00:04:07]:
It’s pretty nice. I’m jealous. I’m jealous. I got to go back to Texas to get my brisket. I like that sausage too.
William Holland [00:04:14]:
Yes, sir. We got some good food over here, man. So tell me more. You’ve rehabbed 450 houses now. So, have you always been in real estate? How did you get started?
Jay Conner [00:04:25]:
Well, I actually was raised in my family, my dad. I was raised around the housing industry. But it was the mobile home industry, manufactured housing. And you being from Texas, I know you’ve seen them single wides and double wides out in the countryside. You ain’t seen them in Dallas-Fort Worth, but you go out there to Midland, Odessa, and Amarillo,d Altus, Oklahoma, Lawton, Oklahoma, and Mesquite and Burleson out there. That’s where the mobile homes are. So, you know, I was raised in that industry. In fact, that’s why I moved to Texas way back when.
Jay Conner [00:05:02]:
My father had the largest mobile home or manufactured housing company in the nation up until the 1980s. So anyway, I was raised around housing and all that. But in 2003, the financing of mobile homes, manufactured housing, pretty much went away. And so I knew if I ever got out of mobile homes and manufactured housing, I wanted to get into single-family houses. We had this great friend and his wife, still are, Craig and Kim. They lived in New Bern, North Carolina, in eastern North Carolina. And in 1993— sorry, I don’t think you were around back then— but back in 1993, they, uh, they bought this house that they flipped, and they made $30,000 in 90 days. And I was trying to make $3,000 on a single-wide mobile home.
Jay Conner [00:05:53]:
I said, ” Hey, if I ever get out of the mobile home business, I’m getting into single-family houses and flipping and all that. So yeah, 2003 is when Carol Joy and I started on this adventure. We’ve rehabbed over 475 houses here in the local area. We’ve done more deals than that, you know, terms deals, buying subject to the existing note, seller financing, and all that kind of stuff. But as far as rehabs go, we’ve done a lot of houses. And so yeah, we’ve been on this journeysincee, uh, full-time since 2003.
William Holland [00:06:26]:
That’s pretty awesome. I like that you had that background in real estate. You know, that’s special. A lot of people don’t get started at an early age in real estate and get exposure to it until much later.
Jay Conner [00:06:36]:
Well, I can’t really say I had exposure to real estate because everything we did with mobile homes was personal property. Now, land home deals did come along there towards the end, where we’d put a double wide on somebody’s land, and get a And then that house or mobile home becomes real property. But by and large— I’m sorry.
William Holland [00:06:56]:
Yeah, it becomes real property. Yes, sir.
Jay Conner [00:06:59]:
But by and large, you know, we were selling personal property. You know, like a car is personal property. So as far as real estate, investing in real estate and all that, it really was all brand new to me in 2003 because, you know, we had retail dealer— dealerships, you know, instead of having cars at the dealership. We had mobile homes at the dealership, you know. So really, this whole world was brand new to me back in 2003. My first year,r I only did 3 houses because I wanted to be sure I sort of knew what I was doing. And let me tell you something, I didn’t have a clue what I was doing. I mean, I was clueless as to what I was doing.
Jay Conner [00:07:42]:
I mean, don’t start this business if you’re listening to this show. Don’t start this business without working with somebody who knows what they’re doing, because, oh my lands, I made hundreds of thousands of dollars in mistakes those first 6 years that I was in the business. And of course, that was 6 years before I even knew anything about private money. But yeah, my first year I did 3 deals and, you know, we started growing from there. But when I started, I didn’t know anything about private money. Never heard of private money. Didn’t know anything about self-directed IRAs. I was just using the local bank with an unsecured line of credit.
Jay Conner [00:08:19]:
So that’s how I started, right, until I got into— got into this world of private money.
William Holland [00:08:25]:
That’s awesome. Yeah, I love that so much. Well, let’s dive into the private money more. So, you know, let’s, let’s hear more about that. What does that mean? And, you know, why did you start utilizing that source of debt or equity even?
Jay Conner [00:08:39]:
Well, I can tell you how I did not. Start using private money. I just didn’t wake up one day and say, ” Hey, I think I’ll go raise me some private money. You know, it didn’t work that way. I mean, growth takes place in the valley, right? Growth doesn’t take place when you’re on top of the mountain. And let me tell you something, when somebody tells you that, that problem you got is an opportunity, that’s BS. I mean, look, look, I had a problem. I didn’t have an opportunity.
Jay Conner [00:09:13]:
Let me tell you what happened. Let me tell you what happened, William. So I remember it like it was yesterday. So here in North Carolina, believe it or not, we actually still have handsets, like telephones that have—
William Holland [00:09:25]:
I’ve never seen one before. What is that?
Jay Conner [00:09:27]:
I know they have cords attached to them, you know. Can you believe that? Anyway, I remember it like it was yesterday. It was January 2009, and I’d been doing this— I’d been investing in real estate now for 6 years from 2003 to 2009. I picked up this phone, and I called my banker. His name was Steve. I had had a conversation with Steve, my banker, like I’m getting ready to share many, many times for 6 years. And I called him up, and I told him about these 2 houses that I had under contract here in the local area. They represented over $100,000 in profit.
Jay Conner [00:10:06]:
So I called him up, told him about the deals, how much money was required to fund the deal, and when my closing was. Well, I learned on that phone call, William, that my line of credit at the bank had been closed, shut down, no notice, cut off. I have had a great credit score, and I have always been on time with my payments for 6 years. And I’m talking to my banker. I said, I said, what is— why is my line of credit shut down? He says, Jay, don’t you know there’s a global financial crisis going on right now since 2007? I said, no, Steve, I didn’t know anything about a global financial crisis. But now I’ve got a crisis going on, right? I mean, I got my two houses under contract. I thought you still had my line of credit, and now you’ve shut me down with no notice. So I took that phone, and I hung up the phone, and I sat here for a second at this desk, this very desk.
Jay Conner [00:11:04]:
I sat here, and I thought to myself, who can help me with my problem? There was no opportunity. I’ve got a problem, right? Who can help me with my problem? And, you know, there’s a great book that came out a couple of years ago by Dr. Benjamin Hardy and Dan Sullivan called Not How But Who. Oh yeah, yeah, yeah, yeah. By the way, Dr. Benjamin Hardy is a friend of mine, and that’s another story. But anyway, so I said, who can help me with my problem? So I picked up the phone again, and I called my friend Jeff, who lived in Greensboro, North Carolina, at the time, and I told him what had just happened with my banker. Jeff said, ” Well, Jay, welcome to the club.
Jay Conner [00:11:46]:
I said, ” What club? He said, ” The club of losing your line of credit at the bank. They just cut me off last week. I said, ” Well, how are you going to fund your deals? He says, ” Well, have you heard about private money? I said, no. He said, ” Have you heard about self-directed IRAs? I said, no. He said, ” Well, that’s how I’m funding my deals. So I studied private money, not hard money, not hard money lenders, but private money, how to do business with individuals that want to be passively involved in real estate, and, you know, fund deals. So I learned about— so I put my program together. What do I mean by that? My program, my program, my private money program that I was going to teach people that I knew in my own, you know, network.
Jay Conner [00:12:30]:
And so, you know, Holland, the old traditional way of borrowing money is you go to the bank, you get on your hands and knees, you put your hands underneath your chin, you say, please fund my deal, please fund my deal. Right. Well, not in this world. In this world, we don’t ask for a mortgage. We offer a mortgage. You see, we get to set the rate, we set the terms, we set the frequency. Frequency of payment. We set the loan-to-value and all that.
Jay Conner [00:12:57]:
So anyway, I hung up from Steve, my banker. I learned about private money, so I started teaching people my private lending program, what rate I would pay, and how they can earn high rates of return safely and securely. I started teaching them about self-directed IRAs and how they can take their current retirement funds and move them over to a self-directed IRA company, penalty-free, tax-free, and how they can earn unlimited money per year, tax-free. I got one private lender by the name of Larry, who just last year earned $72,000 tax-free. Right. So I started teaching people what this is. So they would tell me, ” Well, look, how do I get started? Do I write you a check? No, you do not write me a check. You just tell me what ‘veyou’ve got to work with.
Jay Conner [00:13:44]:
Is it investment capital? Do I need to introduce you to the self-directed IRA company? So I know how much they have to work with, right? I’ll put your money to work for you. So then I hadn’t asked for any money. I taught them my program. They love it. And then in a week or two, I call them up. And here’s the magic script, William. Here’s the magic script. How do you get that deal funded without asking for any money? So, William, let’s say you’re one of my new private lenders.
Jay Conner [00:14:12]:
Let’s say that you’ve told me you got $150,000 to invest and, you know, you’re ready to go. You’re ready to go. So I call you up, William, and here’s exactly what I say to you. I say, William, I’ve got great news for you. I can now put your money to work. I got a house in Newport with an after-repaired value of $200,000. I can put your $150,000 to work and fund that deal because I’m not going to borrow more than 75% of the after-repaired value. Closing is— and you already know that because I taught you the program— closing is next Thursday, so you’ll need to have your funds wired to my closing attorney next Wednesday, and I’m going to have my attorney email you the wiring instructions.
Jay Conner [00:14:59]:
End of conversation. You see, I didn’t ask you if you wanted to fund the deal. That’s the most stupid question in the world I could ask you. Of course, you want to fund the deal. You’ve been waiting for the phone call for me to put your money to work, you see. And particularly if you had retirement funds, and I had introduced you to my preferred self-directed IRA company, and you’ve transferred that $150,000 over there, you ain’t making any money. It’s sitting right there. You’re waiting for the phone call for me to put your money to work.
Jay Conner [00:15:33]:
I’ve never asked anybody for money, and I’ve got more money chasing me now than ever before.
William Holland [00:15:40]:
Yeah, that’s crazy. Pretty cool. I like it a lot. Um, wow. Passive investors in real estate are able to receive a check every month. Some people call that mailbox money. We say money really does grow on trees. Visit the website at www.biggerpictureholdings.com, where we have a ton of free resources to help you learn more about planting your very own money tree.
William Holland [00:16:04]:
So I know you, you’re also doing the coaching as well now, right? Do you coach other people?
Jay Conner [00:16:09]:
Yes, I work with real estate investors like you, William. And I work with them to teach them exactly how I do this private money world and this private money thing and how to get private money, you know, attracted and chasing you. And, you know, one thing I teach is how to never take any of your own money to the closing table when you buy a property. I mean, who wants to get paid to buy properties and take none of their own money to the closing table? I mean, that right there makes the hair stand up on the back of my neck, right? My real estate attorney, I love. On the check stub, I always pick up a $40,000, $50,000 check when I buy a property, and take none of my own money. And the phrase on her check, I absolutely love. I pick up the check— by the way, my real estate attorney’s office is right next door to mine. That’s convenient, right? So anyway, we’ll walk over next door and get the check.
Jay Conner [00:17:04]:
On the check stub, when I buy the property, it says excess cash to close. Let me tell you, William, I love me some excess cash, right? So I always pick up a check when I’m buying the property. So yeah, I started using private money in my and Carol Joy’s own real estate investing business in 2009. And then in 2011, I got totally bored, William. I got a fantastic team. We’re doing 2 to 3 deals a month, you know, making more than 7 figures a year, net, net, net. I got an acquisitionist, I got an interior designer, I got contractors, I got project managers. And what’s little old Jay gonna do? I mean, what am I going to do, right? So I went to one of my mentors, and I said, ” What’s next? He said, ” Well, Jay, what are you really good at? I said, well, I’m really good at raising a lot of money and really fast.
Jay Conner [00:17:58]:
He said, ” Well, start teaching people what you do and what you’re good at. So in March of 2011, I held my first event in Atlanta, Georgia, and, uh, started teaching real estate investors how to get all the funding and money they would want for their deals. And so I’ve been doing the business since 2003, and I’ve been teaching and working with real estate investors since 2011 on how to get the money. And I’ll tell you something, William, that just drives me absolutely bonkers. Drives me nuts, right? I’m talking, as they say in Texas, goofball. Drives me, goofball. Well, what drives me, goofballs, is listening to some of these real estate educators out there. And they’ll say— and I know you’ve heard this, William, I’m getting ready to say it, and I know you’ve heard it.
Jay Conner [00:18:40]:
They’ll say, ” Oh, just get the deal under contract. The money will show up. Just get the deal under contract. The money will show up. That’s the most stupid thing in my life I’ve ever heard in my life. It’s like, where is the money going to show up? Is it going to, like, rain out of the clouds or something? So I say, look, get the money lined up first. The money comes first. There’s always going to be deals.
Jay Conner [00:19:02]:
And do the business the way I do it. I’m telling you, I got students all the time getting more than $500,000 in private money ready to go in 30 to 90 days. Think how much more confident— think how much more off— how many more offers you’re going to make when you have hundreds of thousands of dollars burning a hole in your pocket, and you can close in 7 days. I make all my offers so that you can close in 7 days. You’ll get more offers accepted, particularly from FSBOs, for sale by owners. When you tell them you can close all cash in 7 days, you’ll have other real estate investors or competitors offering more money, but they can’t close for 30 days or 45 days. I’m putting the check in their pocket in 7 days. You get more offers expect— uh, accepted when you’re offering to pay all cash and you can close in 7 days.
William Holland [00:19:52]:
Yeah, I completely agree. It’s hard to compete with that.
Jay Conner [00:19:56]:
That’s what I say.
William Holland [00:19:57]:
Yeah, absolutely. So you mentioned something earlier that’s a topic that I think a lot of people have a misunderstanding of, and I’d love to just hear more about how you would describe subject to. You mentioned that earlier. I’d love to just be educated on that topic a little bit more.
Jay Conner [00:20:14]:
Sure. So when we say buy a property or a house subject to the existing mortgage, here’s what that means. So you’re only going to use this strategy when you are buying directly from the owner, known as an FSBO, or for sale by owner. So buying subject to the existing note means that the owner of that property is willing and agreeable to sell you the property, transfer title, transfer deed, transfer ownership into your entity, your LLC, or whatever entity that you’re buying in. By the way, side note, they don’t ever buy a piece of real estate in your personal name. Never ask me how I know. Never buy a piece of real estate in your personal name. So, going into your LLC or your land trust or whatever.
Jay Conner [00:20:59]:
So they’re going to transfer ownership. You agree. So how are you going to fund it? You agree to make their mortgage payments and keep them current. So the first question that comes to mind is, who in the world, in their right mind, would sell you their house, leave the mortgage in their name? By the way, this is not assuming the mortgage. This is not assuming the mor— assuming the mortgage means the current mortgage holder or the lender is now going to approve you to assume the mortgage. The lender is not involved in this negotiation at all. You’re not assuming the mortgage. You’re agreeing to make the payments.
Jay Conner [00:21:39]:
So you may be asking the question, who in the world in their right mind would agree to sell you their house and transfer ownership and trust you to make their payments? I can tell you who will do it, and I’ve done it hundreds of times. A distressed seller. They’re either financially distressed, need debt relief, or the property is distressed, or both. And so, by the way, this is nothing that your closing agent has got to make up on the HUD settlement statement. It’s already on line 203. It might be line 204, come to think of it, but it’s either line 203 or 204 on the HUD settlement statement. For the funding, it says subject to existing mortgage, right? So that’s how you’re funding the deal. And by the way, those are some of the most profitable deals you’ll do.
Jay Conner [00:22:32]:
I mean, everybody in the nation within the last 2 or 3 years has refinanced their house down to 2.5%, right? So if you’re buying one of those houses, you’re getting money at 3%, right? When you’re buying it, it’s subject to the existing note.
William Holland [00:22:50]:
That’s awesome. That’s really incredible. Yeah, I think that’s a definite opportunity in this day and age, and right now.
Jay Conner [00:22:57]:
For sure, William.
William Holland [00:22:59]:
Well, Jay, it’s been great to have you today. I’ve really enjoyed it, learned a lot. And, you know, I know you’ve got a book. We’ll leave a link so people can get that book by just paying shipping and handling. What’s another— any other ways that people can get a hold of you today?
Jay Conner [00:23:15]:
Sure. So we’ve got the book, which is called Where to Get the Money Now, subtitle: How and Where to Get Money for Your Real Estate Deals Without Relying on Institutional or Hard Money Lenders. So again, we’re not talking hard money, talking about doing business with individuals. You can get the book, um, and it’s a real book. Like, this is not an ebook. We’re going to ship you the book at Jay Conner— by the way, I’m an ER and not an OR— so you can go to www.jayconner.com/book. Right? So you can connect with me there. You can also follow me on my podcast.
Jay Conner [00:23:48]:
I know this is going to absolutely amaze you, but the name of my podcast is Raising Private Money with Jay Conners. So I’m on iTunes, Spotify, and all the platforms as well. And hey, if you want to hang out with me twice a month on Zoom, I’ve got the Private Money Academy membership. We have hundreds and hundreds of members in the membership, and I go live on Zoom twice a month. I’ll give you free access to check it out. Come hang out with me. We talk private money, uh, we dissect deals, answer any questions. You can come check that out at jconner.com/trial and come check out the Private Money Academy membership as well.
William Holland [00:24:31]:
Yes, sir. Well, Jay, thank you so much. It’s been great to have you today.
Jay Conner [00:24:35]:
William, it’s been my pleasure. Thank you so much.
William Holland [00:24:38]:
Like and subscribe below. A new episode will air every Tuesday at 7 PM.
Jay Conner [00:24:42]:
7 AM.
William Holland [00:24:43]:
Are you looking for more content? Visit our website www.BiggerPictureHoldings.com. And remember, money really does grow on trees.
Narrator [00:24:56]:
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 7 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.