Unlock Unlimited Tax-Free Income with Private Money! | Passive Income Adventures Welcome back to another episode of Passive Income Adventures with your host, Emma Powell! In this episode, Emma talks about achieving financial freedom through real estate investing. Join Emma and special guest Jay Connor as they dive into the world of private money—what it is, how it can impact your real estate investing career, and how to attract private lenders without begging or chasing. Learn the secrets of raising private money, managing risk, and scaling your real estate investments. Whether you're an aspiring real estate investor or looking to grow your investment portfolio, this episode offers invaluable insights and practical advice. Tune in to discover the powerful impact of private money and how to reach financial independence before the age of 50! Bio: Jay Conner began investing in real estate in 2003. At the start of his career, he relied on his local banker and was able to put together a few deals. However, that also meant coming up with large down payments, paying origination fees, and signing personal guarantees on every deal. After years of feeling owned by the bank and being stressed out, he learned how to buy properties using creative financing, including subject-to and using lease-options. After the market crashed in 2008, his banker cut him off. Jay had to abandon everything he knew about how to finance his deals. Then, he heard about the world of private money. He developed his own system for gathering millions of dollars for real estate deals. Over several years, Jay refined his system until it was repeatable and dependable. When he put it to the test, the first person he approached gave him $250,000 in private money. In just a few short months, Jay raised $2,150,000 in private money. Despite initially cursing his banker, Jay now thanks him. Jay's unique system allows him to enjoy 7-figure profits year after year. He also has the freedom to work less than 10 hours per week in his real estate investing business by leveraging the power of automation. Connect: https://jayconner.com https://privatemoneychallenge.com Connect with Emma: https://investwithemma.com https://highrise.group https://partnerwithrise.com/emma 00:00 Introduction to Unlimited Tax-Free Income 00:26 Meet Jay Connor: Real Estate Investor and Private Money Expert 00:46 The Importance of Private Money in Real Estate 02:03 Jay's Journey: From Traditional Banking to Private Money 04:04 The 2009 Financial Crisis: A Turning Point 06:19 Discovering Private Money and Self-Directed IRAs 06:54 Attracting Private Money Without Asking 07:32 Teaching Private Money: Building Trust and Relationships 09:33 The Good News Phone Call: Securing Funds 13:15 Real-Life Examples: Success Stories and Lessons Learned 17:21 Avoiding Common Mistakes in Private Money Lending 23:16 Identifying the Right Private Money Lender and Borrower 27:08 Securing the Loan with Real Estate 27:33 Conservative Loan to Value Ratios 28:04 Insurance and Title Protection 28:59 Funding Process and Lender Protection 30:08 Personal Experience in Real Estate Investing 31:29 Advising Private Lenders 33:49 Building Trust with Lenders 42:31 Networking for Private Money 48:37 Final Thoughts and Future Plans
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