The Top 20 US Foreclosure Cities

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Hey, I just shot a video to go over the top 20 US cities with the most foreclosures.

Watch the video below to see the list…

As I mention, there are 3 areas of the foreclosure process where there’s a lot of opportunity for investors like you and me…

-          Before the auction
-          At the auction
-          After the auction (if the property is taken back by the bank as an REO)

To learn more about the guy I mentioned who is killing it buying property at auction, go watch this video.

One of the things you’ll is a unique strategy for flipping auction properties… without using your own money or credit.

Enjoy :-)

- Patrick

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A Note From MustKnowInvesting.com – Advertisers and Recommendations – From time to time we’ll let you know about certain resources that we feel may help you reach your goals in real estate or life. All resources are ones we’ve personally looked at and reviewed before we felt confident to recommend them to our readers like you. With recommendations like this you should assume we are compensated in some way when you decide to buy, and just like with anything… you should do your own due diligence before you invest in anything to make sure it fits your goals.

How Much Should You Pay Private Money Lenders?

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Hey, just shot a new video for you to answer the common question, “How much do you pay private money lenders?”

I walk through a few actual private loans and show you the rates and terms… so you’ll see what other investors are paying for private money.

Also, there’s a BIG lie that many investors believe that holds them back from getting cheap private money. Make sure this isn’t you.

Private Money Lending Rates And Terms

Watch the video below…

If you want to get private money through public records (and grab those bonuses I mentioned that we’re offering right now), check out Private Money On Demand.

Toss your thoughts and questions in the comment area.

Happy Investing!

- Patrick

How To Build Your Buyer’s List: What To Say (Plus Free Template)

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Hey, I just shot a video to answer a question from one of our members about building your investor buyer’s list.

I go over what to say to investor buyers, how to introduce yourself, how NOT to come across as a newbie, AND give you a free template from our Secret Survey member’s area to help you with this process.

Watch the video below…

Alrighty, grab your investor buyer questionnaire here <<

If you’re interested in learning more about building your buyer’s list and becoming a real estate matchmaker, check out our Secret Survey video.

Enjoy :-)

- Patrick

The Conversion Process: Private Money Through Public Records

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We got an email in support from Private Money On Demand (PMOD) member, Jacob Evans and wanted to share it with you.

We follow up with our members regularly…

I sent Jacob an email asking if I could help him with anything and here’s his response…

——–
“Very refreshing. Thank you for this. 

I have figured out how to compile my mailing list at the court house (there were 33 private loans in my county in the month of September). This doesn’t include family trusts.

Do you mail to family trusts or the rep for the family trust or do you exclude their info from your mailing lists? 

If you have any more info on exactly how you convert a private money lead from – a person calling about my letter - to someone who’s funding my next deal. I would greatly appreciate it. There seems to be a dark spot with regard to that process for me. 

Thanks for everything! You’re the man, so glad I found you.”

——–

Congrats on using the PMOD process to find 33 private lenders in your area through public records! Nice work Jacob!

Ok, on your first question, I only mail to private individuals who are lending money… and exclude trusts, businesses, etc.

By targeting individuals who are private lenders, you can typically get better terms.

The Private Money Through Public Records “Conversion” Process

As far as the “conversion process”… once you start getting calls from private lender prospects, how do you convert them to funding your next deal?

Here’s  how…

First, contact them to set up a “get to know you” meeting. This could be over a cup of coffee (my preference) or over lunch.

Getting private money is all about personal relationships… so in this meeting, you’re just looking to find out more about the prospect, their hobbies and interests, focus/niche in real estate, goals, etc.

This is NOT the time to go into detail about your private lending opportunities.

When the prospect shows interest in learning more about what you do, it’s time to go for the formal appointment… where you show them my private lender PowerPoint presentation (right click and “Save link as…” to download). This is where you go over all the details.

Make sure to customize the presentation to suit your biz… based on your niche, how you structure your private money loans, etc.

Now it’s time to show ‘em your presentation…

This is where you educate the prospect on your business, the current market, why you borrow from individuals, general guidelines on the private lending opportunities you offer (not a specific deal at this point)… and the most important part… you “diagnose” your private lender.

After that, you know exactly how to present the prospect with the perfect investment… based on their personal goals and needs.

Every time you come across a deal that matches with your prospect (range of funds, availability, terms), pass it by ‘em.

And like they say, “The fortunes in the follow up!”

With each follow up, you build more rapport, trust, and credibility… and before you know it, BOOM!

You’ve got a private money lender on board… ready to fund your next deal.

Happy Private Money Getting!

- Patrick

New Flipping Strategy to Earn Big Checks On High-End Homes

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Hey, I just shot a video about a brand new flipping strategy that I discovered.

I’ve been investing full-time for almost a decade now and still learn a ton of new stuff from deals that I do, from successful students and other industry experts.

With what’s going on right NOW in today’s market, there’s a BIG opportunity to implement this new flipping strategy… PLUS there’s not much competition yet.

And BTW, this has nothing to do with short sales and foreclosures :-)

Watch the video below…

Now that you know about the opportunity with these high-end home situations… if you’d like to learn more, get registered for this in-depth webinar training. You’ll learn how to do these deals even if you don’t have any money or good credit.

Enjoy :-)

- Patrick

P.S. – As I mentioned in the video, keep an eye out for emails with more training and tools on this new flipping strategy.

Next I’ll show you how to find these deals (and you’ll get to download a proven direct mail template for FREE)… AND then I’m gonna teach you exactly what to say when talking to these homeowners. Something to look forward to.

In the meantime, to learn more about this new flipping strategy, get registered for this web training.

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A Note From MustKnowInvesting.com – Advertisers and Recommendations – From time to time we’ll let you know about certain resources that we feel may help you reach your goals in real estate or life. All resources are ones we’ve personally looked at and reviewed before we felt confident to recommend them to our readers like you. With recommendations like this you should assume we are compensated in some way when you decide to buy, and just like with anything… you should do your own due diligence before you invest in anything to make sure it fits your goals.