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Archive for November, 2009

How to Get Private Money Using Facebook and Twitter

Wednesday, November 25th, 2009

4 Comments »

(this is a video I put together for our Private Money Blueprint students … but, I really wanted to share it with you guys and gals too … enjoy)

Facebook_Twitter_Private_MoneyOk, so I can already hear what you’re thinking …

“Yeah right Patrick. Social media marketing – using Facebook and Twitter for business – is a bunch of hype, a complete waste of time.”

… and I understand why you’d say that; because I used to feel the exact same way.

But, that didn’t stop me from testing these new marketing platforms out for myself. And I’m sure glad I did.

Check out the video below to learn the secrets to using Facebook and Twitter to get your hands on more private money. That’s right, more cash to close more real estate deals …
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Tags: Private Money, private money facebook, private money lending, private money lending facebook, private money lending twitter, private money twitter, real estate investing facebook, real estate investing twitter
Posted in Real Estate Investment Financing Strategies, Tips and Tricks | 4 Comments »

Self Proclaimed Surfer Dude Closes First Wholesale Deal … Gnarly!

Friday, November 20th, 2009

4 Comments »

Justin_Wilmot_Must_Know_Investing_StudentYep, pretty cool ehhh?

Gotta love it when a student makes money; especially when it’s his or her FIRST DEAL!

Check out this chain of emails between myself and a student of ours – self proclaimed surfer dude…  Justin Wilmot.

Justin_Wilmot_Wholesale_Deal

Justin_Wilmot_Wholesale_Deal_b

Isn’t that incredible?

To quote Justin, he said, “My life changed one hour ago and I am truly excited for the future. THANK YOU!”
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Tags: wholesale deal, wholesaling, wholesaling real estate
Posted in Cool Stuff, Real Estate Investment Selling Strategies | 4 Comments »

10 Commandments of Negotiating Great Real Estate Deals

Thursday, November 12th, 2009

3 Comments »

In today’s post, Julie Broad of RevNYou – Champion of MustKnowInvesting.com’s “Battle of the REI Blogs 2009″ – reveals the 10 Commandments of Negotiating Great Real Estate Deals …

Negotiating_Commandments_Real_EstateMost people say they’d rather be rich than right, but they act like they’d rather be right than rich.

I think many people take this same mentality when they negotiate a real estate deal. They draw a line in the sand and require the other party to step over that line in order to do the deal. They pretend to seek the ‘win – win’ scenario but are only really thinking about winning.

It can happen so easily … you can analyze the property so easily when it’s from a distance. You can see clearly what price makes sense for you, and what makes a great deal.

Then, the second you decide to put in an offer your competitive instincts tend to kick in.

You want to beat the seller into giving you the lowest price possible. At least you feel that way until you find out there’s a competing bid, and then suddenly you find yourself offering way more than you planned to offer just because you have to win the deal.

Well I am not going to pretend to be able to negotiate everything expertly – but years of working in sales (from packaged goods to real estate information), training sales staff, and negotiating real estate deals has taught me a lot about what works, and what doesn’t.

Keeping it simple … here’s my …
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Tags: commandments of negotiating real estate, Julie Broad, negotiate real estate, negotiating real estate, real estate negotiating, RevNYou, revnyou with real estate
Posted in Negotiating, Tips and Tricks | 3 Comments »

Discover a Little Known – Yet Highly Profitable – Niche in Real Estate Investing

Tuesday, November 10th, 2009

No Comments »

Jack_Bosch_Land_Profit_GeneratorFirst off, let me start by saying that this is NOT my niche, this is NOT my business model, however it looks like a pretty cool low risk high return strategy for making quick cash in real estate investing.

At first I was a little skeptical (I’ve never met this guy or even talked to him for that matter) … but after looking into it, he does seem to be on to something.

Anyway, he’s giving away some  free real estate investing training – his Land Profit Manifesto and training videos – and thought I’d give you a behind the scenes look.

Watch the video below to check it out …


(if reading in your email subscription, click here to watch the video)

If you want to grab this free training, click below …

Jack Bosch Free Land Profit Generator VIP Area

Here’s what he says you’ll learn in the Land Profit Manifesto:

>> Why land is one of the most overlooked yet easiest investing models.

>> How to sell these properties for top dollar in a matter of days.

>> The same formula I use to sell on average 30 – 40 properties on near autopilot, and how you can too.

I haven’t read the manifesto yet, but since it’s free … it’s probably worth at least checking out. Plus there are a couple training videos. And I have watched those and can confirm they’ve got some good info in ‘em.

Anyway, if you wanna learn how Jack has done one over 5,000 transactions since 2002 and how he exploits this profitable niche in land, click here.

If you have any questions, throw ‘em in the comment area.

Tags: buy land, buying land, flipping land, jack bosch, land, land profit generator, land profits generator, landprofitgenerator, real estate investing
Posted in Cool Stuff, Real Estate Investment Buying Strategies, Real Estate Investment Selling Strategies | No Comments »

Frustrated Because You Can’t Finance Your Real Estate Deals?

Thursday, November 5th, 2009

1 Comment »

frustrated_private_money_real_estateAnswer these questions for me …

>> Are you frustrated because you can’t get the cash you need for your real estate deals?

>> Have you ever lost a great deal because you didn’t have funds to close it?

>> Is a lack of financing killing your real estate investing dreams?

If you answered “yes,” to any of the questions above, then private money may be THE solution for you.

What is private money?

Private money is cash from an individual that is lent to you, the real estate investor, rather than being invested traditionally through stocks, bonds, mutual funds. When you think about private money, think investment funds from an individual … any individual.

Is private money the same as hard money?

Far from it!

Hard money lenders finance deals for real estate investors as a business. They lend to investors based on the property, not necessarily based on the person. The hard money lender dictates the terms of the deal to you, the investor.

A typical hard money loan has high interest, points, and is short term. For instance, I purchased my second deal with a hard money loan. I was charged 15% interest, five points (or 5% of the loan balance), and had a term of six months to repay the loan in full.

Do you see why they call it “hard” money?

On the other hand, with private money, you dictate the terms of the loan to your private money lender. Based on the deal and your business model, you offer terms that suit your needs and provide a good return for your private lender. A typical private money loan could have 6% to 10% interest, no points, and a term that suits your exit strategy.
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Tags: patrick riddle, Private Money, private money for real estate, private money lenders, private money lenders for real estate, private money lending, private money lending for real estate, real estate investing private money, real estate private money
Posted in Real Estate Investment Financing Strategies | 1 Comment »

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    Who's Behind Must Know Investing?

    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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