Jay Conner has been using and borrowing Private Money from individuals since 2009. Henceforth all his private lenders had been paid exactly what they were promised, nothing less and nobody has lost any money.
Remember, Jay is only interested in doing deals when all parties involved are winning and they get what they want.
Click on this link to watch the complete video: https://youtu.be/DIJ7oUI2sKs- “The World of Real Estate Investing with Jay Conner”
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Jay Conner has been investing in Real Estate for over 15 years. He typically makes 2 deals a month. He has bought and sold over 400 homes.
He had an 800 credit score and the bank closed his LOC. He needed to find a new source of funding. In the past eight years, Jay has never missed a deal because of funding.
He has developed a strong network of Private Money suppliers.
Chaffee-Thanh Nguyen started investing in Real Estate a decade ago. He dramatically changes and impacts the lives of thousands of people around the world as an Executive Success and Event coach with the likes of Powerteam International and Marshall Sylver’s Mind Power Inc. Chaffee also teaches at his own events.
http://www.keyconceptcoaching.com/
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North Carolina 28557
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Fax: 252-240-2504
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What others are saying:
“Jay’s private lending scripts alone are worth the price of his entire system, and are the best I’ve ever heard … including mine!” – Ron LeGrand, Famous Real Estate Guru, Jacksonville, FL
“You will not believe this, but it is absolutely the truth … 3 days after attending Jay’s seminar Where to get the Money Now, I was doing a call on one of my customers. He was telling me about how he had just sold his home and I ask him if he had ever considered real-estate investing. After hearing the information that I shared out of Jay’s seminar, he is now in contact with my attorney to discuss his investment!“
– Donald A. Hovey, Norfolk, MA
Producer: Scott Paton
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DISCLAIMER: Jay Conner is not a financial advisor, real estate broker, licensed mortgage broker, certified financial planner, licensed attorney nor a certified public accountant, therefore consult with a professional prior to making any real estate investing.
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Scott Paton:
So one of the alternatives to the stock, you know, cause what do people do in their retirement funds? They usually buy mutual funds or they buy some stock that they like. And from time to time, the stock market is kind of collapsed and the funds don't look that good. So how often does the, you know, your private money funds collapse? You know, the house didn't work, you lost your shirt. You know, it went from whatever to what, you know, it's like a 20% drop in the stock market. I'm sure something like that must happen in the housing market.
Jay Conner:
So, the last time we had a major correction in real estate values of houses across the nation was back in 2008 and 2009. Now here locally, we had a price drop over that period of time of about 20%, but here's the thing with real estate. It doesn't happen overnight. Typically there is a, a timeframe of a decreasing in values. So it's for that reason that I practice and I also coach and train my real estate investing students all across the nation that we don't want to, when paying all cash with private money, we don't want to borrow more than 75% of the After Repaired Value. The reason for that is what I just said. And that is, if there is a downturn in the market and prices are coming down, well, I'm going to be able to liquidate that property long before there would be a reduction in value of 25% of the of the value of the house, but where I get the 25% from is the 75% maximum of the after repaired value that I'm borrowing. So it keeps the private lenders money conservative, it's a conservative investment and it keeps everybody protected.
Scott Paton:
So, you've never had a private money lender that's lost their investment.
Jay Conner:
Correct. In fact, since we've been doing private money, borrowing Private money from individuals since 2009, every private lender has been paid exactly what they were promised, nothing less and nobody's lost money. In fact, they got everything they had coming to them. And the reason that's the case is because of the formula that we just went over. The formula is, I'm not going to borrow more than 75% of the After Repaired Value. Now in this world of Private Money we always bring home a big check when we buy a house and that's because we borrow more than we need to purchase it. But remember, I'm not saying borrow a maximum of 75% of the purchase price. I'm saying borrowing maximum 75% of the After Repaired Value. So for this formula to work, we're buying houses that are deeply discounted, but the reason they are deeply discounted is because either the seller has got a problem and is highly motivated to sell, or there's a big problem with the house and they don't have the funds to fix it up or whatever, or the problem could be twofold. They could have a personal problem such as losing a job or someone passed away or getting a divorce, etc. and a problem with the property. So we come along with a solution to their problem. And Scott, as you've heard me say, hundreds of times, I'm only interested in doing a deal. Only when every all parties come out winning and they're getting what they want.
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