Navigating Real Estate: Jay Conner’s Expertise in Raising Private Money and Market Trends

Raising Private Money with Jay Conner

***Guest Appearance

Credits to:

https://www.youtube.com/@famousinterviewswithjoedimino

"Famous Interview with Joe Dimino Featuring Nationally Renowned Real Estate Investor Jay Conner"

https://www.youtube.com/watch?v=oSz4f4Zdjfc

The real estate industry is known for its cyclical nature, but few periods have been as tumultuous and instructive as the COVID-19 pandemic. Jay Conner, an experienced real estate investor and private money specialist, recently shed light on how he navigated these challenges and adapted his business to thrive in a changing economic landscape. In this engaging episode of "Raising Private Money," where Jay joined Joe Dimino on his Famous Interview With Joe Dimino podcast, Jay opens up about his journey, revealing key strategies and personal philosophies that have shaped his success.

The COVID-19 Impact: More Cash Chasing Fewer Deals

The COVID-19 pandemic revolutionized many sectors, and real estate was no exception. During this period, Jay Conner observed a staggering shift in available cash for investments, jumping from $18 trillion to $31 trillion. Investors sought safer harbors for their funds amid the pandemic's economic uncertainties, with real estate offering reliable returns. Interestingly, Jay faced the unique challenge of having more money available than deals to fund, a problem many would envy but which required strategic maneuvering to harness effectively.

Explaining Real Estate to a Child: The Simple and The Complex

When explaining his job to a group of third graders, Jay likened himself to an HGTV flipper. By simplifying it to helping private lenders make high returns safely, assisting sellers in distress, and coordinating with contractors for rehabs, he made the complex nature of his work understandable. His description as a "real" flipper, unlike the scripted versions on TV, beautifully encapsulates his multi-faceted role in real estate.

The Foundation: Early Influences and Career Beginnings

Jay’s journey into real estate is deeply rooted in familial influence. Growing up in North Carolina, he learned the ropes from his father, Wallace Conner, who was a significant figure in the manufactured homes industry. Jay's early exposure to business, communication, and leadership came through summer jobs at his father's company, which indelibly shaped his career ethos. His father’s management style, famously known as the "3 D’s: dictate, delegate, and disappear," also fostered an early understanding of efficient business operation.

Inspirations and Heroes: The Mentors Who Shaped Jay

Behind every successful individual are influences that light the path. For Jay Conner, figures like Zig Ziglar, Dale Carnegie, and Og Mandino played instrumental roles. Training tapes from Zig Ziglar instilled a servant-based approach to business, emphasizing the importance of helping others to achieve one’s own success. Books like Dale Carnegie’s "How to Win Friends and Influence People" and Og Mandino’s "University of Success" further enriched his mindset and approach to real estate and business.

Triumph Over Adversity: The 2009 Financial Crisis

One of Jay’s most defining experiences came during the 2009 financial crisis, which abruptly severed his lines of credit at local banks. Faced with this challenge, he pivoted to private money, a form of financing he had not previously explored. With guidance from a friend, he learned about private money and self-directed IRAs. Embracing a teaching approach, he began to educate others about private money while effectively solving his own financing issues. This pivot allowed him to attract $2,150,000 in private money in less than 90