Alareia Master Class

111: How to Raise Private Money

Informações:

Sinopsis

In today's episode, Brian talks with private money authority Jay Conner. Based in North Carolina, Jay has been using private money for investing for nearly ten years. On the show today, he shares his story, as well as teaches and educates this audience on how they can raise private money with the five steps he uses.   Key Takeaways:   [1:50] Jay and his wife are in their 15th year of investing in single-family houses, as well as some commercial real estate. He was born into the affordable housing industry, and his dad was the largest retailer of mobile homes in the nation. [3:50] They do about two to three transactions a month, with an average profit of $67,000 per deal. These transactions are primarily rehab projects, and they did 27 in 2018. A critical part of the success of their business is automation and building their team. Jay makes decisions, and also has an acquisitionist, virtual assistants to do the marketing/finding leads, a bookkeeper, and he works with contractors for the projects. [8: