From Teacher to Dealmaker: How I Built a Network of 47 Passionate Private Lenders

Raising Private Money with Jay Conner

Investing in real estate can be an avenue toward financial freedom, yet many find it challenging to break the barrier of funding to initiate or scale their endeavors.

Enter the world of Private Money -- a realm where opportunities abound for those who understand its dynamics. Jay Conner, an acclaimed real estate investor, and national speaker, sheds light on this topic as he joins Keith Borie on The Wealth Flow Podcast.

Jay, who excels in raising capital independently, brings insights into his transition from traditional bank loans to Private Money during the 2009 financial crisis. His story serves as a testament to the empowering nature of self-directed funding.

Adopting the Right Mindset

The cornerstone of success in private financing, according to Jay, is mindset. 'You can't own real estate until you own the real estate between your ears,' he advises, emphasizing the importance of confidence and education in the field. For many real estate investors, the mental shift from seeking loans to offering secure, profitable opportunities to private lenders is a game-changer.

The Private Money Blueprint

In a refreshing departure from bank loans' stringent criteria, Private Money flips the script. Investors craft their lending programs, dictating mutually beneficial terms. Interested individuals can achieve high returns with security, by tapping into investment capital or retirement funds via self-directed IRAs. This approach not only democratizes real estate investment but also fosters passive income streams for lenders.

Education and Networking: Building Your Investor Pool

Education is paramount in expanding one's pool of private lenders. Jay practices this by conducting luncheons and informational sessions, casting himself in the role of a teacher rather than a deal-pitcher. This strategy has enabled him to develop a network of 47 private lenders, each previously unaware of the potential of Private Money.

The Mastermind Approach to Real Estate Investment

Jay Conner advocates for joining mastermind groups and seeking mentorship as essential steps toward mastering real estate investment. The collective wisdom and support from experienced members can significantly shorten the learning curve and increase the probability of success.

Commendation for 'The Go-Giver'

Additionally, Jay looks to literature for inspiration, recommending “The Go-Giver” as an impactful book that resonates with his philosophy on providing value and building relationships in business.

Harnessing the Power of Self-Directed IRAs

One of Jay's key strategies involves leveraging self-directed IRA companies for real estate deals. QuestTrust, a company based in Houston, Texas, earns praise for exceptional customer service and quick deal funding. Through teaching others about the use of self-directed IRAs for investment, Conner fosters a cycle of education and empowerment.

A Formula for Ongoing Success

Jay's system does not rest solely on initial education, but on nurturing long-term relationships with private lenders. This involves protecting their interests with agreements that ensure flexibility and security, like loan modifications and collateral substitutions. Such considerations cement trust and underline the imperative of looking after one's investors.

In the quest to harness Private Money for real estate investments, this episode provides vital cues for navigating the process successfully. Whether you're an up-and-coming investor or seasoned in the field, considering private funding as part of your investment strategy may well be the pivot toward accelerated wealth and financial autonomy. With wisdom from industry experts like Jay Conner, stepping into the realm of rea