221 - #Replay - The Unconventional Method to Raise Private Money to Fund Your Real Estate Deals

07/10/23 • 29 min

Back in 2003, Jay Conner switched gears from the mobile home industry to real estate. Now, he's an experienced investor living in a cozy North Carolina town, who loves locking down private funding. And he nets an average of $70,000 each deal! Amazing right?

In this episode, Jay spills the beans on his book, "Where to Get the Money Now," and why private money is perfect for different types of real estate investors. He also shares his enthusiasm for teaching, how he prefers single-family homes, and recounts his initial experience with obtaining private funding.

Key Takeaways

The benefits of smaller markets
Private funding is suitable for newcomers, wholesalers who enjoy earning assignment fees, and wholesalers seeking involvement in multiple deals
Prioritize securing the funds
The significance of providing service and coaching
Jay's advice for newcomers in real estate

Resources

Driving For Dollars Mastery
Where to Get the Money Now by Jay Conner

Key Takeaways

The benefits of smaller markets
Private funding is suitable for newcomers, wholesalers who enjoy earning assignment fees, and wholesalers seeking involvement in multiple deals
Prioritize securing the funds
The significance of providing service and coaching
Jay's advice for newcomers in real estate

Resources

Driving For Dollars Mastery
Where to Get the Money Now by Jay Conner

Previous Episode

220 - Flipping Land Virtually - Meet the Coach Who has Helped Me Make a Fortune

Discover the secrets of nationwide land flipping from the expert himself, Ray Zhang. Join Ray as he guides Zach through the step-by-step process that enabled him to successfully buy and sell five lucrative land deals in a remarkable six-month period, all from the comfort of his own home.

Ray's exceptional expertise in virtual land flipping has transformed countless students in his coaching program into successful entrepreneurs, building thriving land flipping businesses from scratch. Now, it's your turn to learn these proven systems!

Key Takeaways:

In six months, Zach has bought and sold 5 lots. Zach breaks down his numbers.
Choose and identify where you want to conduct deals.
You need to select a "good state" and identify the specific area.
Comparing disclosure states with non-disclosure states.
You must establish a "range" in terms of price and focus on it.
Understand the significance of negotiations and why they are important in your process.
A comprehensive guide on how to flip land virtually.

Resources:

MLS
Zillow
Redfin
U-Haul
ListSource
Email Ray at: [email protected] or Follow his Instagram here
Driving for Dollars Mastery

Next Episode

222 - #TBT - Meet the New Wholesaler Who Did His First Deal by Listening to the Podcast

Real estate investing can be challenging for beginners. If you're looking for resources to help you on your journey, podcasts and YouTube videos are excellent options, especially if you can't afford mentorships or master groups.

Our guest today, Jacob Barbour, is a passionate business enthusiast who embraced these free resources to learn and grow. He stumbled upon Zack's podcast, implemented his strategies, joined his program, and is now on track to close his first wholesale deal. Tune in to hear Jacob's inspiring story.

Key Takeaways:

Effective time management is key to accomplishing tasks throughout the day.
He devised a system that maximized his productivity.
How did he manage to find sellers for his initial deal?
When momentum is in your favor, it's crucial to maintain progress and avoid getting stagnant.
Acquiring a deal may be challenging, but enduring hunger without sustenance is even more difficult.
The combination of hunger and overcoming obstacles amplifies the taste of victory.

Resources: