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

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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 :-)

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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…

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 »

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

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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!

1,062 Comments »

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!

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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!

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Steph Davis
Flip This Wholesaler

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

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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!

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PATRICK RIDDLE
Must Know Investing

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

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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. :-)

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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.

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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!

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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.

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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.

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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.

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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.

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• 

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,

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 »

Shae Bynes – The Best and Brightest Women in Real Estate Investing

18 Comments »

Welcome back for Part 3 in MustKnowInvesting.com’s series, “The Best and Brightest Women in Real Estate Investing!”

New to the series? If so, start with the introduction.

This week, I’m super excited to have Shae Bynes – investor, blogger at Good Faith Investing, and Private Money Blueprint student – with us. You may remember her from the recent post, “3 Private Money Lenders in 49 Days.”

Shae’s seriously kicking some butt these days getting private money, closing deals, and has a growing fan club over on her blog. In other words, she’s gettin’ it done!

But, she didn’t get to where she is today without going through the school of hard knocks.

So listen close. Shae’s got a story to tell ya. Sit back, relax, and enjoy!

Shae Bynes | Best and Brightest Women in Real Estate Investing

Take it away Mrs. Bynes…

Right on Shae! You go girl!

Thanks for sharing so much with us :-)

Connect with “Best and Brightest” Shae Bynes

Networking with real estate investors is part of success. So, get connected with Shae below…

Friend Up on Facebook

Follow on Twitter

Subscribe to YouTube Channel

Your FREE Real Estate Investing Resource Download

Shae went above and beyond and created a very special ebook, “7-Day Action Plan for Aspiring Investors,” just for you, for participating in this series.

You’re in for a treat because this thing ROCKS!

Grab your 7-Day Action Plan now! Click the image below…

(if it doesn’t automatically download it, right click the above image and click “Save as …”)

And before you go, show Shae that you care, show your appreciation by doing two things 1) click the Facebook “Like” button at the top of the post and 2) leave a comment with your thoughts, questions, and feedback. All the coolest people do.

Latress on the menjay (if you don’t know what the heck I’m talking about, you should check out the movie “I Love You, Man” … it’s a riot!).

~ Patrick

… aka P-Rid

P.S. – Here are the links to the series for you:

Julie Broad | Esi Benedict | Shae Bynes | Christina Mellott | Stephani Davis | Surprise Special Guest | Rachel Hernandez | Susan Lassiter-Lyons

Tags: Beginning Real Estate Investing, best and brightest women in real estate investing, good faith investing, real estate investing, real estate investing blog, shae bynes, shannon bynes
Posted in Business Management Systems and Tools, Property Management, Renovations, Tips and Tricks | 18 Comments »

The Best and Brightest Women in Real Estate Investing – 8 Part Training Series

16 Comments »

Alrighty …

Time to kick off another KILLER training series here at MustKnowInvesting.com, “The Best and Brightest Women in Real Estate Investing“.

Every week for the next 8 weeks, one of our “Best and Brightest” will share her inspirational story, how she closed her first deal, and much more. PLUS, each gal is going to share a downloadable resource that’s gonna help you get to the next level. So, you don’t wanna miss this!

The Best and Brightest Women in Real Estate Investing

Week 1 -

Reigning Battle of the REI Blogs Champion, Julie Broad of RevNYou

Week 2 -

Flipping Mom, Esi Benedict

Week 3 -

Investor, Blogger, PMBPer, Shae Bynes of Good Faith Investing

Week 4 -

Colorado Investor and “Real Estate Investor Mom“, Christina Mellott

Week 5 -

Flip This Wholesaler, Steph Davis

Week 6 -

Surprise Special Guest (pulled some strings to make this happen … you won’t believe who it is!)

Week 7 -

The Mobile Home Gurl, Rachel Hernandez

Week 8 -

My Good Friend, the $24M Woman, Susan Lassiter-Lyons of The Investor Insights

So, as you can see, we’ve got quite the lineup!

Here’s a quick video with more details …

I’ll see ya next week for Part 1 with Battle of the REI Blogs Champion, Julie Broad.

Get ready … these amazing women are gonna make your head spin!

~ Patrick

… aka P-Rid

P.S. – Sooooo, what do you think? You guys and gals excited or what!? Leave a comment and let me know :-)

P.S.S. – Here are the links to the series for you:

Julie Broad | Esi Benedict | Shae Bynes | Christina Mellott | Stephani Davis | Surprise Special Guest | Rachel Hernandez | Susan Lassiter-Lyons

Tags: best and brightest women in real estate investing, Christina Mellott, creative real estate investing, Esi Benedict, Julie Broad, Rachel Hernandez, real estate investing, real estate investing blog series, real estate investing series, shae bynes, steph davis, Suan Lassiter-Lyons
Posted in Business Management Systems and Tools, Cool Stuff, Marketing, Negotiating, Personal Development, Property Management, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies, Real Estate Investment Selling Strategies, Real Estate News, Renovations, Tips and Tricks | 16 Comments »