Chris started with no knowledge of how to raise Private Money, but through his dedication and the guidance he received from joining Jay’s Raising Private Money program, he was able to secure $350,000 of Private Money in just a few months. This allowed him to fund his first deal and make an anticipated profit of $98,000!
In this episode, Chris shared how he approached his family members as potential private lenders and successfully presented them with the opportunity to invest in real estate. He emphasized the importance of reorienting his identity as a real estate investor and positioning himself as someone who could provide high rates of return on investment capital.
By being proactive and talking to everyone he knew about his real estate investing venture, Chris was able to attract more private lenders and expand his network. He now has upcoming presentations with prospective lenders, and the future looks bright for his real estate business.
Chris’s key advice for new real estate investors looking to raise Private Money is to join a good program and have a mentor or coach. With the right guidance and dedication, anyone can achieve success in attracting Private Money.
Chris’s success story is proof that by putting in the work and time, you can quickly get your business on autopilot.
So, If you’re a real estate investor and want to learn how to raise and leverage Private Money like Chris, make sure to listen to the full episode. It’s packed with actionable tips and strategies to help you get the money you need for your deals.
And remember, the money comes first! Start raising private money to supercharge your real estate investing business today!
Join Jay Conner’s Private Money Academy Conference: https://jaysliveevent.com/ On October 25 – 27, 2023 at Atlantic Beach, NC
Timestamps:
0:01 – Raising Private Money With Jay Conner
1:04 – Chris Cornett’s Success Story With Private Money
2:26 – How To Start A Conversation With A Potential Private Lender
4:08 – $98,000 Profit From The First RE Deal Using Private Money
5:10 – Find A Mentor! – Greatest Lesson Learned
6:58 – Jay Conner’s Free Money Guide – https://www.JayConner.com/MoneyGuide
Connect With Jay Conner:
Private Money Academy Conference:
https://www.JaysLiveEvent.com
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 #PrivateMoney #FlipYourHouse #RealEstateInvestor
Chris’s $98,000 Profit: A Testament to the Power of Private Money in Real Estate Investing
Jay Conner [00:00:00]:
It’s a PMA clap right there for 350,000 in Private Money, Chris. Shoot, when I met you a few months ago, you didn’t have any Private Money.
And, so this first deal, with Private Money, what do you anticipate in approximately your profit?
Chris Cornett [00:00:20]:
If we sell it, again, full asking right now, which we think we might get over I will walk away with $98,000.
Jay Conner [00:00:28]:
Yes. $98,000
Narrator [00:00:34]:
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 [00:01:03]:
So, Chris, we wanna hear your story. Tell us about your 1st private lender How do you how you, how it came about, how it became about to be a private lender, and all that good stuff?
Chris Cornett [00:01:17]:
Yeah. So my first private lender was family, my stepfather, and another family member I presented the program to them. They were very interested, you know, just like, yeah, we’ve been discussing here in the program, and everybody is aware, you know, they’re not getting what they want, on their money as far as returns, and definitely not interested in the stock market. And and so they were very interested in what I had to offer, you know, collateralized by real estate. So, the first deal was when I was able to find a property that made sense using, you know, my formulas and, was able to close on it in less than 2 weeks completely with Private Money and then, you know, bringing a check home to have all the money I needed for renovations as well. And if that property went on the market last week, and is, we’ve had 14 showings and are expecting an offer here soon. I’m expecting Gavin on for here soon.
Jay Conner [00:02:22]:
Wow. So this family member how did you start a conversation with this family member about this opportunity that you had for him?
Chris Cornett [00:02:35]:
Well, my family and friends all know I’ve been investing in real estate since 2019
Chris Cornett [00:02:41]:
More on the traditional route of going to 20% long-term rentals, you know, it was my game. and, you know, when I realized that that was a scalable or sustainable solution for me to be able to exit the corporate world in a timely manner I joined your program, Jesse, and got familiar with the structure and how it all works. And I immediately started talking to everybody. I know. I’ve been Yeah. Crystal’s done a great job in helping me re-orient. I’m gonna introduce myself, which I think is key because people say, what do you do? I would say I want the VP of service at this X Y Z Corporation. I don’t say that anymore. I never say that anymore because that’s not my identity. It might be that I have to spend more hours than I care to do still, but, I introduced myself as somebody who can help them make high rates of return on their investment capital and It’s just opened up so many doors, so many conversations. I’ve got another presentation tomorrow night with a prospective lender and his wife. I’m not near Crystal, but I am up to 350,005 at money and then on the market, you know, I can operate.
Jay Conner [00:03:53]:
That’s a PMA clamp there for 350,000 in Private Money. Chris Shoot, when I met you a few months ago, you didn’t have any Private Money.
Chris Cornett [00:04:02]:
Nope. None.
Jay Conner [00:04:05]:
That’s awesome. And, so this first deal, funded with Private Money, what do you anticipate in approximately your profit?
Chris Cornett [00:04:16]:
If we sell it, I get full asking right now, which we think we might get over I will walk away with 98,000.
Jay Conner [00:04:26]:
$98,000. Chris, You need to upgrade from Platinum Plus to Mastermind to come help the rest of these Mastermind members, and we’ll help you in the Mastermind group. Next Mastermind meeting in person, October, Chris. I wanna see you in Mastermind. But thank you for sharing your story, Chris. Very aspirational. You are an action-taker. You’re doing exactly, you know, what we’re telling you to do. You know, one of my favorite quotes that I just came across recently was If you don’t at first succeed, do what your coach told you to do to start with. Awesome. So, Chris, what advice would you give to a new real estate investor looking to raise Private Money? What lesson have you learned or lessons have you learned from, attracting Private Money that you would now do a little differently than when you first started out?
Chris Cornett [00:05:28]:
Well, honestly, Jay, I was a rookie to Private Money prior to your program. I really didn’t know anything about it. I did realize that there was it was quite honestly so easy. but, and I say that you know, relatively, you know, once you get rolling, it is actually quite easy and something that is an attractive product to a lot of people, not everybody, but a lot of people are interested in and what you have to offer, but I would say that I think this is something that anybody can do. and you know, you could certainly get there. I think that it would take you years to get where you could get in less than a year if you don’t join a good programmer or have a good mentor and coach. so, you know, between Crystal and and your program, Jay, and and everything at that’s made the difference for me, because I’m very good at at being able to do, dive in and, you know, I’m taking this very seriously course. I’m putting the work and the time in. And, if you do that, I mean, you can get this thing on autopilot pretty quick and I’ve already done my second deal now. I’m less than 6 months in. I’ve got my first deal renovated and listed. with my renter, and I got my second deal already purchased in renovation starting next week. So it’s very doable.
Jay Conner [00:06:49]:
Chris, so proud of you. Everybody give Chris one more PMA sophisticated clap right there. Thank you for sharing, your success story, Chris.
Narrator [00:06:59]:
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.
