Jay Conner
About Jay Conner
Jay Conner is a real estate investor, educator, and author based in Morehead City, North Carolina, where he has averaged $86,000 profit per deal in a market of just 40,000 people. After his bank closed his line of credit in January 2009 — leaving two deals worth over $100,000 in profit suddenly unfunded — he was forced to find another way to fund his business, and the system he built became the foundation of his entire career.
Rather than panic, Jay asked himself who he knew that could help fix the problem. That question led him to private money and self-directed IRAs, and within 90 days he had raised over $2 million from people who had never heard of private lending before. He went on to write Where to Get the Money Now and, at the suggestion of his mentor Ron LeGrand, became a full-time educator and coach — helping students like Eric Carmichael retire from the railroad before age 40 and Crystal Baker leave an 80-hour-a-week career to invest full time.
On The Daily Mastermind, Jay sat down with George Wright III to break down how private money funds real estate deals without banks: why you should never ask anyone for money, how to put on your "teacher hat" and educate lenders about the opportunity, where to find them in your warm market and through self-directed IRA networking events, and how he has paid lenders a steady 8% with no points since February 2009.
