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How to Approach Warm Private Money Prospects

Friday, May 22nd, 2009

Got an email from one of our readers . . . Dave . . . who is just getting started getting private money. He brought up a great question . . . he wanted to know the best way to introduce his investment program to warm prospects. Check his email out below:

________________________________

Patrick,

Hey! Hope all is going well . . . You’re beginning to resemble those gurus out there. (c’mon Dave . . . I’m just a regular guy remember : )

I had a question about initial introduction of the investment opportunity to the prospect. Do you prefer email or phone call? I’ve started to contact prospects and have received little response via email. (please note each email is sent individually to tailor toward each person, establish rapport, and reference our last pt of contact). These are not cold contacts, but individuals I already know.

Any advice? Thanks buddy.

-Dave

________________________________

Shot a quick video for you Dave . . . check it out below . . .


Send us your creative real estate investing questions . . . we’re here to help!

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Tags: creative financing, creative real estate investing, Private Money, private money lending, private money video, real estate investing video, real estate investment financing

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  • http://www.we-buy-property.info Dave

    Patrick! Hey, thanks for addressing my question. Didnt expect you to film a short vid and post it as an answer to my question! That’s great. Thanks man. Took some good notes on your response. We will continue to prospect. Take care

  • Patrick Riddle

    Right on Dave! No problem man …

    Let me know how things progress.

    ~ Patrick

  • http://www.spotlightpropertiesllc.net Rico

    Patrick,
    Great stuff! I have a question on cold prospecting. How to just approach someone about private lending or doing a group presentation to prospects?

  • Patrick Riddle

    Hey Rico … I’d suggest you learn the Half Minute Private Money Hook and use that with cold prospects. Check out my guest post on Stephani Davis’s blog Flip this Wholesaler … http://www.flipthiswholesaler.net/2009/08/the-fast-track-to-getting-private-money-guest-post-by-patrick-riddle/

    I cover the Half Minute Private Money Hook and much more.

    Enjoy!

    ~ Patrick

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    Patrick Riddle:
    Patrick grew up in Lexington, South Carolina. Went to Clemson University for several years studying civil engineering and wound up doing real estate investing in Charleston, SC.
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