Creative Real Estate Investing | Real Estate Investing | Must Know Investing

How to Get a Free Real Estate Investing Mentor

Patrick Riddle — Tue, 24 Jan 2012 20:27:23 +0000

Hey, did you know there’s an EASY way to get a real estate investing mentor… for FREE?

One of our Private Money Blueprint members (who knew absolutely NOTHING about the REI biz) used what you’re about to learn to get an experienced mentor WITHOUT spending a dime. And today, he owns over $8 million dollars worth of real estate.

How to Get A Free Real Estate Investing Mentor

In the video, I break down the step-by-step process that you can follow to get a mentor at no cost.

Check it out below…

Leave your thoughts and questions in the comment area below.

Happy Investing!

- Patrick

How To Legally Spy On Banks

Patrick Riddle — Tue, 29 Nov 2011 21:05:43 +0000

Hey, I’ve got an awesome resource (it’s free and you can access it online) that allows you to legally spy on banks… so that you know when they’re lying to you.

Maybe you’ve had this experience…

You’re interested in doing package deals. So you call a bank and ask if they have any bulk REO. But you’re pretty darn sure they’re not telling you the truth. How do you know?

I just shot that video and walk you step-by-step how to research a banks REO inventory online.

And if you’re thinking… “Sounds great Patrick but I don’t have funding to buy package deals.”

Guess what?

You don’t have to buy bulk REO packages yourself, you can also broker them. So… NO EXCUSES!

Watch the video below now…

Here’s the link to the FDIC website.

Leave your comments and questions below. And if you enjoyed this video, make sure to “like” it before ya go. Thanks!

- Patrick

P.S. – Want to learn more about Bulk REO?

PMBP Faculty Member, Susan Lassiter-Lyons, taught me about this killer resource… and she has an in-depth video called “6 Simple Steps To A $50,000 Payday Buying, Flipping, Or Brokering Bulk REO.”

It’s definitely worth checking out! Enjoy :-)

P.P.S. – Here’s a pic of Susan and I hanging out at The Boathouse on Isle of Palms. One of my favorite spots that’s right in my backyard…

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Here’s A Great Private Lending Resource…

Patrick Riddle — Fri, 23 Sep 2011 18:58:58 +0000

Hey, I was on the phone last week with one our Private Money Blueprint members, Michael Mackay, and he shared a great private money lending resource that he uses… that helps him build credibility with his lenders AND handles a bunch of the detail work after he closes a private money deal.

The video is only a couple min… check it out…

Toss your thoughts, questions, and whatever else is on your mind in the comment area.

Happy Investing!

- Patrick

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

Patrick Riddle — Thu, 25 Aug 2011 14:57:46 +0000

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…

Congrats buddy… from the entire PMBP family!

We’re proud of ya :-)

How To Overcome The #1 Private Money Objection

Patrick Riddle — Thu, 18 Aug 2011 13:38:48 +0000

I was reviewing the recordings recently from our epic 3-day “Getting the Money” Bootcamp and came across some powerful info I want to share with you. It’s from one of my presentations called, “Deal Structuring, Advanced Psychology, & Negotiations.”

What stops most investors from getting private money for their deals?

… the #1 objection private lenders have.

This is something you have to overcome whether you’re brand new to real estate investing or are a seasoned veteran.

If you’ve been unable to get private money for your deals so far, you’re about to learn why… and more importantly, what to do about it.

Learn how to handle the #1 objection that investors face to get private money in the video below…

Join the conversation in the comment area.

Let me know what’s on your mind, what questions you have, how I can help

Happy Private Money Getting!

- Patrick

P.S. - Just an FYI, if you didn’t make it to our epic “Getting The Money” event last year…

… I have good news for you :-)

We decided to release the recordings of the whole event (all 3 days of the pitch free event) sometime this or next week. If you want me to reserve a copy for you, let me know.

Do You Need A Business Plan To Get Private Money?

Patrick Riddle — Wed, 03 Aug 2011 13:12:00 +0000

Hey, as you probably already know, I’m an avid reader.

It’s been said, “You’re the same person you’ll be in five years except for the books you read and people you meet.”

Well, I take that to heart… and always have a good book at my side.

A couple weekends ago, I dove into Burn Your Business Plan: What Investors Really Want From Entrepreneurs, by David Gumpert, and came across some enlightening private-money-getting info that I want to share with ya.

I’m always looking to hone my techniques, strategies, to sharpen my knowledge and skills (and you should be too!)

I took notes on key insights I learned from the book and put my thoughts and feedback on how to apply them into a 4-page PDF for you to download.

What you’re about to learn will surprise you because most of the business planning gurus out there teach the exact opposite.

Is A Business Plan Necessary To Get Private Money?

Here’s just a taste of what you’re going to learn:

* What you should be doing to jump start your biz INSTEAD of writing a business plan

* Your absolute FIRST order of business when seeking investment capital, aka private money (I’ve got your back on this one ;-)

* What Cheryl Marshall, a principal in a Boston-based venture capital firm, looks at when considering an investment… this is NOT what you think

* What you can learn from Frank Carney, founder of Pizza Hut, about starting your REI business

* What to say when a potential investor asks for your business plan (if you don’t have one)… this covert strategy puts your investor right where you want ‘em!

* and much more!

>> Click Here To Download Pat’s Notes On Burn Your Business Plan – Key Insights On Getting Private Money <<

Enjoy :-)

- Patrick

P.S. – One of the BIG benefits of being a subscriber here is you get to leverage my research as your own. I spend hours every week on my education studying the roots, so that you can just pick the fruit.

I’ve extracted the most valuable info and insights… so make sure to download my notes before you go.

Will This Law Change Your Business?

Patrick Riddle — Thu, 14 Jul 2011 13:15:22 +0000

Hey, I want to share a law with you that fundamentally changed my biz and life… forever more, for the better.

A long long time ago, waaaaaay back in 2004 (lol… I’m only 30 years old), one of my mentors let me in on this… and it’s a good thing.

You see, after my first year investing, I knew something had to change. The financing techniques I had used (conventional financing, hard money, parters) just weren’t working for my goals, my needs.

So I decided to get private money.

But after trying and failing… getting “no” after “no,” I almost quit.

Then I learned a law from my mentor that completely changed the way I approached getting private money.

It gave me confidence and belief in myself that I didn’t have before. If you had more confidence and belief in yourself and business, don’t you think it would be easier to get private money?

You bet it is.

Will This Law Change Your Biz?

Alright, here’s what my mentor shared with me that changed my biz and life forever… he said that when you do something often enough, a ratio will appear.

I know that probably doesn’t sound like a big deal, but stay with me.

That’s the law of averages.

In baseball, they call it batting average.

Step up to bat, swing 9 times and miss. Then on your 10th swing, you get a hit… and the law of averages kicks in.

And here’s why that’s HUGE…

Once a ratio starts, it tends to continue.

Step up to bat 10 more times and chances are you’ll get another hit.

Think about it… if you’re new to getting private money, it may take you 10 appointments to get your first private lender… but then you can expect to get another one from your next 10 appointments.

And guess what?

With repetition, your ratio can be increased.

In baseball, hit 3 out of 10 and they’ll pay you millions of dollars!

Strike out 7 times and get paid millions.

Not bad, ehhh?

The problem with most people is that they’re unwilling to step up to the plate at all… or after they swing and miss, they quit!

Sorry but that doesn’t cut it.

In order to put the law of averages to work for you, you’ve gotta keep swinging, keep setting up appointments to show your private lender PowerPoint presentation, keep spreading the word about your opportunities.

And once the ratio appears, all you have to do is meet with ”x” number of people, and you’ll get another private lender.

That simple law gave me the confidence and belief to keep swinging… and it will do the same for you.

- Patrick

P.S. – If you’re wondering, the mentor I’m referring to is Jim Rohn – America’s Foremost Business Philosopher. This lesson came straight from him… the man, the myth, the legend.

I wrote a post on the PMBP blog that has a few of his videos on “How To Have Your Best Year Ever.”

It’s really good stuff.

P.P.S. – Also, a BIG congrats to Tammy Reoch of La Habra Heights, CA!

Tammy got her second private lender on board this past week. And get this… he wants to “start” with $300K – $400K.

Whoohoo! Nice work Tammy!

Just another one of our Private Money Blueprint members easily getting private money in today’s market.

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Are You an Asset or Liability to Your Success?

Patrick Riddle — Thu, 07 Jul 2011 13:58:21 +0000

Not sure about where you live but it’s been absolutely gorgeous in Charleston, SC lately.

Recently, one of our Platinum Private Money Blueprint members, Mike Johnson,and his wife Audrey were in Charleston… so I took ‘em to one of my favorite spots, The Boathouse at Breach Inlet.

The view is AMAZING! Best spot to watch the sunset in Charleston.

Check us out…

You know, there’s a certain language to success (which is an ASSET to you)… and Mike speaks it.

He’s a new investor and is going to be buying multi family deals. He hasn’t done his first deal yet but here’s what he told me the other day… he said, “I will do this. It’s only a matter of time.”

Is your language an ASSET to your success? Find out below…

Are You An Asset Or Liability To Your REI Success?

Take a good hard look at yourself.

Are you growing or shrinking? Are you taking steps towards your goals or letting them drift away? Are you doing the things you know you should be or letting fear stop you in your tracks?

If you’re growing, if you’re taking steps towards your goals, if you’re doing the things you know you should be, then you’re an asset.

If not, a liability.

There are a few core areas of your biz that we need to make certain you’re an ASSET… because real estate investing, building a business requires it.

>> #1 – Education

You’re an asset if…

You are committed to CANI (constant and never ending improvement). You read good books, blogs, articles, etc on a regular basis.

You take massive action. You know that the REAL learning comes from the field… not in the classroom. You learn from the people you meet, the experiences you have, the mistakes you make along the way.

>> #2 – Language

You’re an asset if…

You speak confidently about yourself, your abilities, your business, your future.

You don’t use weak words like “try” or “wish.” You boldly exclaim (at least to yourself) that you can and will do whatever you set your mind to. You don’t say “I can’t”… you ask “how can I?”

>> #3 – Planning

You’re an asset if… you live by the Proverb, “He who fails to plan, plans to fail.”

You know what you want in biz and life and have written plans to make it all happen. Even though you don’t know exactly “how” you’re going to accomplish your goals, you know that with a strong enough “why,” the how takes care of itself.

You do the best you can with what you have… and are flexible – adjusting your plans along the way as needed.

>> #4 – Network

You’re an asset if…

You understand that your network makes a HUGE impact on your net worth… and actively look for ways to build new relationships and strengthen existing ones.

You associate with like-minded positive people who are where you want to be. You’re active in organizations like REIA, chamber of commerce, Rotary, the “private lender referral source” I shared with you recently, small biz association.

Regardless of whether or not you’re comfortable meeting new people, you do it anyway.

So, let me ask you again…

Are you an asset or liability to your success?

If you’re currently a liability, it’s time to do something about it. Now!

All it takes is one decision… a decision to actively educate yourself, speak the language of success, plan, build your network.

If you have any questions, if I can help you with anything, let me know.

I’m here for ya :-)

Happy Investing!

- Patrick

P.S. – Was thumbing back through Napoleon Hill’s classic, Think & Grow Rich, and came across this nugget of wisdom…

“Where failure is experienced, it is the individual, not the method, which has failed. If you try and fail, make another effort, and still another, until you succeed.”

As an asset to your success, as someone willing to make another effort, and another… there is only one result.

Success.

How To Get Private Lenders Referred To You Weekly

Patrick Riddle — Fri, 10 Jun 2011 16:07:22 +0000

Wouldn’t it be valuable to get fresh private lenders referred to you on a weekly basis?

Heck yeah it would!

Well, now you can… because I’m about to reveal the source that PMBPer, Rob Russell, used to get not one, not two, but 3 private lenders in a matter of months.

And best of all, you don’t need to be wealthy, earn a master’s degree, or have influential friends to take advantage of this.

To learn how to tap into this private lender referral source (just like Rob did), watch the video below…

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

Happy Private Money Getting!

- Patrick

P.S. – Don’t believe you can really get private money for your deals in today’s market? Don’t take my word for it, check this out.

Thank YOU

Patrick Riddle — Tue, 10 May 2011 15:02:47 +0000

Hey, I just wanted to say “Thank YOU!”

I really appreciate YOU – whether you’re a blog reader, an email subscriber, or member in one of my training programs.

YOU are the reason I’m still here… blogging, putting out training videos and resources. All the awesome success stories y’all email in, the comments you leave… makes me feel all warm and fuzzy inside and motivates and inspires me to do more :-)

Thank YOU – from the bottom of my heart – for taking the time to read, watch, and put my content into action!

Want to know why I’m writing this message to you today?

When I put my gratitude rock in my pocket this morning, I thought of YOU and said my thanks.

I absolutely LOVE what I do teaching / helping real estate investors… and if it weren’t for your continued support, feedback, appreciation, I wouldn’t be here.

If you’re wondering what the heck a gratitude rock is, it’s pretty cool.

Have you seen the movie The Secret? (if not you should check it out… good stuff!)

If so, you probably remember the guy who talked about how he uses a rock (as a trigger) to remind him to give thanks for everything in his life… every time he puts it in his pocket in the morning or takes it out at night.

This is a great little tool to use to keep a positive mind set, an attitude of gratitude.

And since what you think about, you bring about. The more you think about the stuff in your biz and life that you’re thankful for, the more of it you get :-)

Check out my gratitude rock…

One of the suggestions from the guy on The Secret is not to just pick out any ol’ rock. Find one that’s special to you. I got mine above from my parents pond where I grew up.

So now for your assignment… go out today and find yourself a gratitude rock today. Put it in your pocket every morning / take it out at night… and say thanks to everything in your life as you do.

I appreciate ya :-)

- Patrick

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