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How Part-Time Investor, Tim Ryan, Closed A 42-Unit Deal With None Of His Own Cash Or Credit

Thursday, August 25th, 2011

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Hey, I was on the phone with Private Money Blueprint member, Tim Ryan, and he was telling me about a 42-unit deal worth $3mm bucks he closed.

It’s amazing how far Tim has come since joining forces with us back in May ‘09.

A few short months after implementing the PMBP system and processes, he sent me this message…

——

“Several months ago I was spinning my wheels trying to close a single family with a bank… earlier this month, I closed on a 16 unit deal, a 2 duplex deal, and another duplex deal REO – with private money. My net monthly cash flow is $2000!

Thanks guys because I know this is just the beginning.”

——

Yep, it was just the beginning Tim :-)

From spinning his wheels trying to close a single family deal through a bank… to closing multi-million dollar deals.

And get this…

Tim hasn’t used one dime of his own money to acquire any of his properties. To finance the 42-unit, he put a simple ad online and got $560k in private money!

I asked Tim if he would hop on the line and share exactly how he’s finding and funding his deals… and he said “YES!”

And as I’m sure you can imagine… the interview kicked some serious butt! Our Private Money Monthly members loved it.

Here’s just a sample of what Tim covered:

* How to get Realtors feeding you “pocket listings” (great deals that other people aren’t finding)

* Tim’s secret ingredient (it starts with a “P”) to getting private money

* How he used a pre-payment penalty to his advantage when negotiating the 42-unit deal

* The exact ad that Tim used to find $560,000 in private money AND a credit partner (swipe and deploy this into your biz)

* The unconventional method Tim used to find the PERFECT resident property manager

* and much more!

The good news for you is…

We record all of our live monthly trainings and I uploaded the video in the member’s area :-)

= = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

Not a Private Money Monthly (PMM) Member Yet?

= = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

To get access to this recording, you have to be a PMM member… but right now, when you take a measly $2.95 test drive in PMM, you get 4 of our training programs… FREE!

>>> Become a PMM Member, Get 4 Training Programs, & Access The Interview w/ Tim Ryan <<<

Heck of an offer if I do say so myself (but there’s a reason for that… just click the link and I’ll explain).

Oh yeah and btw, this is a PART-TIME thing for Tim. He has a full time gig, is married, and has 3 kids.

So no “I don’t have time” excuses.

You can do this.

- Patrick

P.S. – Check out this pic of Tim with his wife and son outside of his new 42-unit deal…

Tim_Ryan_42_Unit_Deal

Congrats buddy… from the entire PMBP family!

We’re proud of ya :-)

Tags: investing in apartments private money, patrick riddle, pmbp, Private Money, private money blue print, Private Money Blueprint, private money for apartments, private money lending, private money monthly, private money multi family, tim ryan
Posted in Marketing, Property Management, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies, Tips and Tricks | No Comments »

Shake Up Your Real Estate Marketing Strategy With A Social Media Martini

Thursday, April 7th, 2011

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In today’s post, Emily A. Hay shakes things up with a social media martini for real estate investors…

Emily_A_Hay_Social_Media_2Since Patrick’s blog shares “techniques, tips, & tools for the creative real estate investor,”I can imagine that innovative marketing techniques involving social media is an important area to focus on. Patrick is a strong example of a real estate investor who has effectively leveraged social media to build a network of like-minded individuals.  He consistently creates valuable content that attracts attention and encourages readers to share it with their social networks – the primary objective of social media or word-of-mouth marketing.

In my guest post today, I am sharing some techniques & tips to make sure your real estate investing business is set up to have an effective online presence.I know that many real estate investors are already using the various social media platforms such as Facebook & Twitter… in fact; the real estate business has some of the most active social media users in any industry around.  But did you know that these profiles are just pieces of a larger social media picture?  Learning how components of social media can tie together to form a strategy is critical for your real estate investing business to reach your target market. I know your time is incredibly limited as a business owner; therefore, when you dedicate your time to your social media marketing, you want to be sure you are using your efforts to yield results.  The rules of engaging with prospective new customers haven’t changed; the tools simply have.

Without further ado, I’ll jump in by saying I am a huge fan of analogies and I like to think of your social media strategy as a martini.

Emily_Hay_Social_Media_MartiniThe main ingredient in any effective social media marketing presence starts with a blog, just like a martini starts with vodka as the main ingredient.  (I personally am a fan of WordPress.org platform –the large “W” icon in the middle.) Your blog is the central representation of your real estate investing business, and it ties all other social media channels together.

A lot of people get confused about the concept of a blog for business mainly because the term “blog” originated from the words “web log”; however, the concept of a blog has evolved to be so much more than a personal online journal.

Blogs are incredibly flexible and can be incorporated into your existing website as a tab for example with a few quick steps.  Some real estate investors have completely migrated their business sites over to WordPress since it allows greater ease of use and customization from ecommerce capabilities to embedding videos & photos right from your Smart Phone.

Perhaps you are wondering, “If I blog for my real estate investing business, what should I actually blog (or write) about?”

As a real estate investor, it’s important to think of your blog content as a CONVERSATION about your business. Your blog can be leveraged to share information regarding what you focus on in your investing business (such as rehabs) or other areas you want to increase business in (perhaps you want to create informational products).

Here are some examples of various topics you could effectively “blog about”:

* Videos of your current rehab projects

* Insight from local investing groups you are a member of

* Tips for how to structure a deal

* List of people you should have on your team (realtor, contractor, title agency, etc)

* How to find motivated sellers

* How to generate prospective buyer leads

* A current success story of yours

* A past failure story (it shows your vulnerable side)

* Happy buyer testimonials

You could even build up the launch of a house for sale through video blog posts tracking the progress of a renovation project.  Get comments and feedback along the way.

When you blog about topics like these above, you become a resource for prospective buyers/sellers and other investors.  When people know they can turn to you for valuable advice and information about your properties for example, they are more likely to want to do business with you.

So now that you have visualized a blog as the “vodka” in your martini, its time to look at the other ingredients that make up your social media strategy.  The various social networking platforms such as Facebook, Twitter, LinkedIn & YouTube can be compared to the enhancing ingredients in a perfect martini.  Without them, your end result just tastes a bit “off”.

These social networking platforms are communication outlets to introduce your business and share content through.  Just like various ingredients in a martini have different flavors, these social profiles give you different opportunities to engage and network with people in ways that enhance the overall end result.

Also, as part of an effective social media strategy, you will see a twist of Facebook ads, which offer a great deal of enhancement to your social media presence.  Facebook ads are a more advanced concept to some but its good to know they provide an incredibly targeted & economical tool to invite people to engage with your business page and ultimately – your blog.

Similar to when an olive is stuck right through your entire martini, the messages about your real estate investing business need to be thought out and spread strategically throughout your entire social network. You want to be thoughtful and selective with the kind of messages you send out.  Nobody likes to receive large amounts of spam or junk mail messages in their email inbox.  The same principle applies in a social media situation and may apply even stronger.  People will be turned off to your business very quickly if you routinely send “hard sell” messages about your properties without knowing anything about the person or what they are looking for. You don’t want to do a disservice to your business.  Just like talking to a prospective seller in person, you need to build rapport before you have any business trying to make an offer.

It’s important to think of these profiles as “enhancing ingredients” – not the main ingredient – because if you only communicate through the various social platforms, you end up watering down the impact of your blog – the hub of your social media presence.  I did a blog post recently about the importance of not putting all of your “social media eggs in one profile basket”.  If you were only sharing information about your real estate investing business via Facebook, what would you do if your Facebook account was ever hacked into and completely lost?

When using the social media profiles to expand your network of buyers/sellers & investors, keep in mind “quality over quantity.”  Additionally, by keeping an active blog, you are building a broader story overtime about your real estate investing business, which leads to broader relationships and opportunities for more business!

I hope that this post provided some you with some overall tips to set your social media presence up for success.  Remember, if you are aware of how these components come together to make social media effective for your real estate investing business, you are already ahead of a great deal of your competitors!

Thanks for reading!

Emily A. Hay

________________________________

Emily A. Hay is a Blogger & Social Media Manager specializing in working with small 
businesses.  She helps business owners discover and implement specific tactics to grow through social media.

Tags: emily a hay, emily hay, real estate investing, social media, social media for investors, social media for real estate investors, social media real estate investing
Posted in Marketing, Tips and Tricks | No Comments »

How a 25 Year Old Kid Closed a 200-Unit Self Storage Deal… No Money Down

Friday, November 26th, 2010

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Casey_CavellI met an investor recently, Casey Cavell, who is buying 200 to 500-unit self storage buildings without any of his own cash or credit.

He’s using a mix of seller financing and private money to close big deals… no money down. And he’s only 25 years old!

So, I decided to hop on the line with Casey and do a full “whats working now” call where we go into detail exactly what he’s doing to find private lenders, to convert them, and how he’s putting that money to use in his real estate business today.

I do an interview like this every month for my Private Money Monthly (PMM) students.

…  just one of the things included in the PMM program is a monthly interview with someone (no gurus, underground investors you’ve never heard of) who is doing really really well in today’s real estate market.

Self Storage Investor & Entrepreneur Casey Cavell – Inside Interview

Below is a short segment (12 min or so) from my interview with Casey where you’ll learn:

=> How he structured his first self storage deal (over 200 units!) with the seller and private lender

=> Exactly what he was looking for in a good deal – his buying criteria

=> The list broker contact who you can use too to find great deals

=> The 2 things that tipped him off and assured him he was staring at a goldmine

… and more.

Check out this clip from Casey’s interview…

Isn’t that awesome?

Think about it… if a twenty something kid can do 200 plus unit self storage deals without any of his own cash or credit, you can do single family or small multi-family deals, right?

Hope you enjoyed Casey’s interview.

If you have a comment or question, toss it in the comment area.

~ Patrick

Tags: casey cavell, casey cavell self storage, mini storage, mini storage investing, self storage, self storage buildings, self storage deals, self storage investing, self storage investment, self storage investor, self storage investors
Posted in Business Management Systems and Tools, Marketing, Negotiating, Property Management, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies | No Comments »

Battle of the REI Blogs 2010 – Vote For Your Favorite Real Estate Investing Blogger Below!

Monday, October 18th, 2010

1,062 Comments »

2010 Battle of the REI Blogs Champion – Ron Mead

Check out Ron’s victory speech below…

Congratulations to Ron… way to go Probate Guy!

The 2010 Final Standings

1) Ron Mead, The Probate Guy – 2010 Champ – 251 Votes
2) Steph Davis – 189
3) Julie Broad (’09 Champ) – 154
4) JP Moses – 148
5) Craig Fuhr – 120
6) Patrick Riddle (aka Sergeant P-Rid) – 65
7) Shae Bynes – 22
8) J Scott – 20
(less than 20 votes)
9) Jamel Gibbs
10) Alex Joungblood
11) Rachel Hernandez
12) Peter Kolat
13) Scott Costello

Now, let’s give a round of applause for all the excellent REI Bloggers! You guys and gals pour your hearts into your blogs… and the 1000+ votes below are a testament to that!

AND, a BIG THANKS to everyone who voted. It means a TON to us bloggers…. we salute you :-)

It’s been my pleasure to host another great REI blog battle.

That’s it for ol’ Sergeant P-Rid.

See y’all next year for the 3rd annual battle. It’s gonna be big!

~ Sarge

P.S. – Are you an REI Blogger? Interested in participating in next year’s battle? If so, leave a comment below with your name and link to your blog.

P.P.S. – If you voted for Ron, Steph, or Julie, you’re in contention to win one of those Private Money Blueprint Training Systems. Good luck!

Meet The Bloggers

Tweet About Your Fav Blogger

Julie Broad
Life As Real Estate Investors

Real estate investing live and on location across north america. Videos, tips, and resources to help you invest successfully in any city!

Get Social

Tweet About Your Fav Blogger

Ron Mead
Buy Probate Property

If the coffee I’m drinkin’ and what I’m just thinkin’ or your just a winkin’, then we’d better say bye, cause I’m just the Probate Guy!

Get Social

Tweet About Your Fav Blogger

Steph Davis
Flip This Wholesaler

Rags to riches real estate: the daily musings of a bartender turned REO wholesaler …

Get Social

Tweet About Your Fav Blogger

JP Moses
REI tips

Imagine Real Estate Investing…Undressed. It’s practical, real & “Average Joe” friendly. Stop by & grab my 53 Free REI Forms on the house!

Get Social

Tweet About Your Fav Blogger

PATRICK RIDDLE
Must Know Investing

Your Source for Creative Real Estate Investing Tips, Tools, and Techniques… and Host of Battle of the REI Blogs.

Get Social

Tweet About Your Fav Blogger

Shae Bynes
Good Faith Investing

Shae seeks to inspire and inform with stories from the streets. Some even call it chicken soup for the real estate investor’s soul. :-)

Get Social

Tweet About Your Fav Blogger

Peter Kolat
Real Estate Internet Marketing

Real Estate Internet Marketing Blog-FREE 56 pg. Real Estate Black Book-The Only Place to Get Secret Internet Marketing Strategies For FREE.

Get Social

Tweet About Your Fav Blogger

Jamel Gibbs
REI Education Academy

FREE 5 Part Crash Course on Wholesaling Houses provided by the Jamel Gibbs. Discover Pure Real Estate Investing AWESOMENESS.

Get Social

Tweet About Your Fav Blogger

Rachel Hernandez
Adventures in Mobile Homes

Sharing stories and adventures about investing in mobile homes. Learn from Rachel – aka Mobile Home Gurl – who specializes in this niche!

Get Social

Tweet About Your Fav Blogger

Scott Costello
Struggling to Get Started

A Nine-to-Fiver overcoming fears and a lack of time. No tips, tricks or fast profits here, just every day experiences from a new investor.

Get Social

Tweet About Your Fav Blogger

J Scott
1-2-3 Flip

123Flip.com brings you the nitty-gritty of a real life house flipper, including detailed financials, schedules and results down to the penny.

Get Social

Tweet About Your Fav Blogger

Craig Fuhr
SurReal Estate Success

Craig Fuhr is a super-star investor & premier rehabber. His blog is a daily stream of insanely fun & real-life RE Investing tips & videos.

Get Social

Tweet About Your Fav Blogger

Alex Joungblood
Wholesaling Houses in Real Time

A full time wholesaler making it happen in a down real estate market. How you can still make a full time income wholesaling houses.

Get Social

Alrighty…

Here’s a quick recap of the contest rules from the video above:

1) Contest starts October 18th and ends at midnight EST on October 21st.

2) You must be 18 years or older to participate.

3) Pick your favorite real estate investing blogger.

4) VOTE by entering the name of your favorite blogger in the comment area below (only 1 vote allowed per person… violators will be disqualified).

And check out the prizes…

1st place blogger gets to award 5 of their voters a FREE Private Money Blueprint Training System ($997).

2nd and 3rd place get to award 1 of their voters a FREE Private Money Blueprint Training System.

So, we’re giving away almost $7,000 in real estate investing education… and you could win by simply voting below.

Scroll to the bottom of the screen now and put your favorite REI blogger in the comment area. And remember, only 1 vote per person.

Thanks for joining this year’s Battle :-)

May the best REI blogger win,

Sergeant P-Rid

Patrick Riddle
… aka Sergeant P-Rid

P.S. If you think this contest is pretty cool, click the Facebook “Like” button at the top of the post and share it with your friends :-)

Tags: battle of the rei blogs, Battle of the REI Blogs 2010, Craig Fuhr, J Scott, Jamel Gibbs, jp moses, Julie Broad, patrick riddle, peter kolat, Rachel Hernandez, real estate blog, real estate investing blog, real estate investing blogs, ron mead, Scott Costello, shannon bynes, steph davis
Posted in Business Management Systems and Tools, Cool Stuff, Marketing, Negotiating, Property Management, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies, Real Estate Investment Selling Strategies, Real Estate News, Renovations, Tips and Tricks | 1,062 Comments »

Confidential: My Strategic Plan to Win Battle of the REI Blogs 2010

Friday, October 15th, 2010

8 Comments »


Get ready… Battle of the REI Blogs 2010 kicks off noon EST Monday Oct 18th!

I’ve got my battle flops on, and I’m ready for action.

See you on the battlefield next week,

Sergeant P-Rid

P.S. – If this is all new to ya, check out the 2009 Battle. With over 1,100 votes last year, competition was fierce!

Tags: battle of the rei blogs, Battle of the REI Blogs 2010, real estate investing blog, real estate investing blogs
Posted in Business Management Systems and Tools, Cool Stuff, Marketing, Negotiating, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies, Real Estate Investment Selling Strategies, Real Estate News, Tips and Tricks | 8 Comments »

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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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