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Credits to:
https://www.youtube.com/watch?v=joTUWXcl0Ek
“Learn How to Raise Private Money for Real Estate w/ Jay Conner”
https://www.youtube.com/@JackBoschOfficial
Many real estate investors reach a pivotal moment: they’re ready to scale, but hit a wall when it comes to funding. The most common misconception? That “Raising Private Money” requires a hard sales pitch, relentless persuasion, and chasing prospects in a way that feels uncomfortable for everyone involved. Jay Conner, The Private Money Authority, joined the Jack Bosch Show to set the record straight—and reveal what it really takes to raise millions for your deals.
Facing Obstacles With Resilience
One of the cornerstones of Jay’s message is resilience. He recalls the dark day in 2009 when, after years of relying on local banks in Eastern North Carolina, his line of credit was yanked away during the global financial crisis. Two deals on the line, over $100,000 of profit at stake, and suddenly the funding was gone. It wasn’t an opportunity—at least not at first—it was a serious problem.
Still, as Jay explains, “When you’ve got a problem, and you want to be resilient, ask yourself, who can help you with the problem?” That question led him to discover private money—a decision that changed everything. Today, Jay and his wife Carol Joy have never missed out on a property deal due to lack of funding since that turning point.
The Formula For Success: E + R = O
Success, according to Jay, follows a simple but profound formula: Event + Response = Outcome. While you can’t always control the events life throws at you, you always have a choice in your response. Jay could have simply given up when the banks said no. Instead, he sought new relationships, learned about private money, and took action. His outcome wasn’t luck—it was the product of a resilient response.
Raising Private Money: Stop Selling, Start Teaching
The most powerful revelation in Jay’s approach isn’t a secret script or negotiation tactic—it’s a mindset shift. He never asks for money. He never pitches deals in desperation. Instead, he puts on his “Private Money Teacher” hat. "I separated the activities of teaching people what Private Money is, people that we already have an association with, and having a deal for them to fund,” Jay explains.
Here’s how the process works:
- Educate First: Jay meets potential lenders—often from existing relationships—and simply explains what private lending is and how it works. No pressure, no sales pitch. He discusses security (backed by real estate), conservative lending, and the kinds of returns they could earn.
- Let Them Express Interest: Only those who are intrigued by the conservative, above-market returns are invited further into the conversation. If they “get it,” the discussion continues. If not, he moves on—with no chasing or convincing.
- Match the Right Deal: Once someone expresses genuine interest and shares the amount they wish to invest, Jay’s “good news phone call” simply opens the door: “I can now put your money to work.” Details about the deal are given, but there's never a pitch. The opportunity simply aligns with what the lender has already said they want.
- Utilize Key Questions: When paying off a lender, Jay asks a powerful question: "Would you like to add any more to it for the next deal?” This invitation often uncovers more capital than initially revealed.
The Private Money Advantage
Private Moneyisn’t just for house flippers. As the hosts discuss, it’s critical for land investors, wholesalers wanting to stay in deals, or anyone eyeing bigger opportunities. Private Moneyisn’t limited by strict guidelines, and when you control the funding, you control the deal flow.
Action Steps For Investors
- Practice your introduction: Be clear, concise, and focus on teaching, not selling. “I help private lenders earn above-average returns secured by real estate” opens doors.
- Have your educational ‘program’ ready: Even if it’s a simple, informal explanation of your process, know it well.
- Don’t chase; attract: If someone’s interested, they’ll ask questions. Let them come to you.
- Always ask existing lenders if they want to reinvest or upscale once a deal wraps up.
Resources And Next Steps
Jay Conner offers his book, Where to Get the Money Now, free (just cover shipping) via jayconner.com/book, and also invites listeners to his Private Money Academy Conference for an immersive hands-on experience.
In summary: The future of your real estate business hinges not on your ability to sell, but to educate and serve. Switch on your teacher hat, foster trust, and allow opportunities to unfold—one resilient response at a time.
10 Discussion Questions from this Episode
- Jay Conner credits resiliency as the key attribute behind his success. How do you define resiliency in your personal or professional journey, and what examples from your experience illustrate its importance?
- The formula "E + R = O" (Event + Response = Outcome) was discussed as a guarantee for results in life. How can you apply this formula to common obstacles in real estate investing?
- When Jay Conner lost his line of credit in 2009, he sought help from his network instead of giving up. What strategies do you use to build valuable networks, and how do they impact your business growth?
- Many people associate raising private money with “begging or chasing” investors. How does Jay Conner’s approach of teaching rather than selling differ from traditional fundraising methods?
- How can separating the education about private lending programs from individual deals reduce perceived desperation and increase investor trust?
- Jay Conner mentions that private lenders often have more capital than they initially disclose. What tactics can be used to encourage investors to increase their commitment, and when is the best time to ask?
- How does having Private Money available open up more creative options for structuring real estate deals, particularly for land flipping and development projects?
- Only about 13% of for-sale-by-owners are open to creative terms, while 87% require cash. What does this say about the value of Private Money in expanding the pool of available deals?
- What are the risks and rewards of using Private Money versus traditional bank or hard money loans in real estate transactions?
- Jay Conner emphasizes never pushing or selling, but rather serving and creating win-win scenarios. How can this mindset be applied when seeking partners or funding in any business venture?
Fun facts that were revealed in the episode:
- No Pitch, No Begging:
Jay Conner has raised $8.5 million in Private Moneysince 2009—without ever directly asking anyone for money or pitching a deal. Instead, he simply educates potential lenders about private money, creating curiosity and demand without sounding desperate. - Turning Problems into Profits:
The loss of a bank line of credit during the global financial crisis forced Jay Conner to seek alternative funding solutions. This problem serendipitously pushed him into Private Money and became the biggest blessing of his real estate investing career. - One Simple Question Can Unlock Major Funds:
When paying off an existing private lender, Jay Conner recommends always asking, “Would you like to add any more to it for the next deal?” This one question has led to private lenders often investing far more money than they originally disclosed.
Timestamps:
00:00 Facing a financial crisis
05:45 Losing bank credit and finding solutions
09:29 Executing a collaborative launch strategy
11:16 Discovering Private Money options
13:32 Creating a private lending program
17:40 Talking with potential investors
22:53 Building strong relationships with lenders
26:05 Quick property flipping strategy
27:48 Benefits of using private money
30:13 Reviewing off-market property deals
34:34 Practicing Effective Communication Skills
Connect With Jay Conner:
Private Money Academy Conference:
https://www.ThePrivateMoneyConference.com
Free Report:
https://www.jayconner.com/MoneyReport
Join the Private Money Academy:
