How I Got into Real Estate Investing and Discovered PRIVATE Money to Fund My Deals

2 years ago
7

I was raised in the mobile home business. My dad had the largest retailing company of mobile homes in the country, but I knew and I’ve known for years that if we would ever get out of it, I wanted to get into single-family houses.

Watch this video to hear my story, how I got into investing in single-family properties, and how I started using private money to fund my deals!

Key Talking Points of the Episode

[00:00] Introduction
[01:35] What is the goal of having a monthly membership service?
[02:40] Where did I begin my real estate investing career?
[03:11] How did I get involved in single-family properties?
[04:31] What was my first single-family property like?
[05:17] When did we start using private money for our investments?

Quotables

“I don’t have the monthly membership primarily for the income it produces. That’s not the deal.”

“We’ve launched the membership only a few months ago and we only have a few hundred people so far in the membership, paying $37 a month.”

“The deal on the membership whether you’re charging like Francis, $97 or $39, or $37 like me, is where is that gonna take your business.”

“I was raised in this product and service of providing affordable housing to people.”

“97% of consumer finance went away for the product of mobile homes. So we woke up one day with $22 million of wholesale inventory and no way to sell it.”

“I knew and I’ve known for years that if Carol Joy and I ever got out of the mobile home business, I wanted to get into single-family houses.”

“I didn’t go through a seminar or anything, I just read some books and used my common sense from mobile home experience, and I looked in the homes magazine.”

“From 2003 to 2009, for six years, we relied on the local banks and institutional money to fund our deals.”

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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

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