Negotiating

Archive for the ‘Negotiating’ Category

How to Find Hidden Profit Centers in Your Deals

Thursday, April 21st, 2011

Alrighty, just put together a brand new video for ya on finding hidden profit centers in your deals.

I walk you through a real world situation from last week with one of my Platinum coaching students, Jason Tooley.

Through the negotiation process with a seller of a 48 unit deal, I told Jason to ask two questions (that you’re about to learn) that uncovered piles of additional profits.

Check out the video below…

Amazing what a couple simple questions can uncover, ehhh?

Join the conversation here and toss your questions, thoughts, whatever is on your mind in the comment area.

And before you go, show some love and “Like” this post. Thanks :-)

- Patrick

Tags: creative real estate investing, hidden real estate profits, negotiating real estate, patrick riddle, real estate investing, real estate negotiating
Posted in Negotiating, Real Estate Investment Buying Strategies, Tips and Tricks | No Comments »

Swipe This Negotiating Tip to Get Seller Financing

Thursday, December 2nd, 2010

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I was talking with one of my friends recently, Justin Lee, who shared a great negotiating tip to get seller financing.

Not sure about you, but I LOVE seller financing.

… because any amount of the purchase price that the seller is willing to accept in payments over time is less cash that’s needed at closing. Thus, making it easier to get the deal done.

Plus, the less cash you put into a deal, the higher your return on investment.

So, when Justin shared this valuable nugget of negotiating wisdom, I had to relay it over to you.

Check out the video below…

(the quality of the video isn’t very good… but the quality of the content makes up for it :-)

Got another negotiating tip you would like to share?

Toss your tips, comments, and questions in the comment area.

Happy Investing!

~ Patrick

P.S. – What do you think of my second home???

Tags: negotaiting real estate, negotiating tip, owner carry back, owner financing, real estate financing, real estate financing strategies, real estate investment financing strategy, real estate negotiating, real estate negotiating tips, seller financing
Posted in Negotiating, Real Estate Investment Financing Strategies, 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_Cavell I 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!

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!

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!

Steph Davis
Flip This Wholesaler

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

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!

PATRICK RIDDLE
Must Know Investing

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

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. :-)

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.

Jamel Gibbs
REI Education Academy

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

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!

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.

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.

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.

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.

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,