How to Squash this Common Private Money Getting Objection

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(this is an article/video that I put together for our Private Money Blueprint students … I decided to share this with ya’ll since we covered private money in Part 4 of the “How to Become a CIA” creative real estate investing series … enjoy!)

When getting started with private money, what if one of your private money prospects asks you …

“Have you done this with other lenders? If so, could you give me a few names that I could contact?”

How would you respond to that? What would you say?

If you’re like most, you’d probably end up looking a lot like this monkey … fumble on your words … stutter a little bit … and leave your prospect with a not-so-good feeling about you and your investment program …

BUT, have no fear … Patrick’s Here!

… lol … ok, maybe that was a little much … but really …
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Tags: creative real estate investing, patrick riddle, Private Lender, private lending, Private Money, Private Money Blueprint, private money lending, real estate investing
Posted in Negotiating | 6 Comments »

Private Money Blueprint Review … (slightly biased)

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As you guys probably already know, I recently launched my Private Money Blueprint home study course with Trevor Mauch. I wanted to provide you with a quick review of the product. I guess you could say this review is “slightly biased” being that I wrote the course and am providing this review. BUT, it’s not really biased at all because all I’m doing is providing you with the facts . . . no hype here.

Anyway, although it was a tremendous amount of work putting it together, we’re happy that we did it. It’s kind of crazy how quickly we sold out of courses, but that just goes to show how in demand private money is these days and how every intelligent investor knows they need it.

Now more than ever, in today’s tumultuous market, real estate investors NEED private money to close deals. After talking to hundreds of investors all over the country the last few weeks, it’s obvious . . . deals are everywhere . . . the only roadblock hindering most investors is a lack of financing.

And it’s really too bad . . . because it doesn’t have to be that way. Having cash to close deals isn’t a problem for any real estate investor that knows the secrets of getting private money. Those secrets are exactly what we cover step by step in depth in the course.

The Private Money Blueprint Home Study Course Unveiled

Here’s a quick video those shows what’s included . . .

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Tags: Financing, patrick riddle, Private Lender, Private Money, private money blue print, Private Money Blueprint, private money lending, real estate investment financing, trevor mauch
Posted in Business Management Systems and Tools, Real Estate Investment Financing Strategies | 2 Comments »

12 Must Know Tips to Getting Private Money

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Would it make a difference in your real estate investing business if you had an unlimited source of capital to fund your deals? Let’s just say you had access to a million dollars in private money at your disposal . . . what kind of profits could you turn that into by doing great real estate deals? How would that affect your lifestyle?

That’s now a reality for one of our students that joined our creative real estate investing coaching program a couple months back. And this kid is in his mid twenties! He just locked up access to a million dollar credit line from a private investor and is about to go gangbusters in his market down in Florida.

Anyway, let’s dive right in and get to the meat and potatoes . . . because that could just as easily have been you! You can have access to all the cash you need for your real estate deals . . .

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Tags: creative real estate investing, how to get private money, private investor, Private Lender, private lending, Private Money, Real Estate Investment Financing Strategies
Posted in Real Estate Investment Financing Strategies, Tips and Tricks | 7 Comments »

5 Questions You Should Be Asking Your Private Money Prospects

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Financing really seems to be a sticking point for many investors. We get tons of questions through the blog about financing strategies, but most of the questions center around getting private money.

Recently, I wrote an article about the 3 types of people most likely to invest with you and become your private lenders. Now that you know who you’re best private money prospects are, let’s go over exactly what you should be asking them.

The best way to turn a private money prospect into a client is by asking the right questions. Questions that elicit motivation, questions that uncover goals, and questions that make the prospect imagine themselves enjoying and benefiting from your investment program.

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Tags: creative real estate, private investor, Private Lender, Private Money, real estate investing, Real Estate Investing Financing Strategies, Real Estate Investment Financing Strategies
Posted in Negotiating, Real Estate Investment Financing Strategies, Tips and Tricks | 2 Comments »

Creative Real Estate Investing Questions from the Blog

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If you ever have a burning creative real estate investing question that you NEED answered, all you have to do is click the Ask the Expert link. Please don’t take offense if you send us a question, and we do not get back to you. Just submit it again. We get a ton of emails and do the best we can.

I thought I would answer a couple questions that have come in recently.  Sooooo, here we go . . .

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Hi Patrick,

I am here in Detroit, Michigan which is a potential goldmine. Houses that were selling 1 year ago for 100,000 or more are selling in some cases for $10,000 or less (in good neighborhoods). I have a lot of Customers that want to buy these houses but lack the cash to do so. We have a small but picky group of private investors my business partner found when I met him. I have been unsuccessful in finding investors of my own. What would be the best way to attract private investors in the above scenario? What do you think?

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Tags: creative real estate, creative real estate investing, Private Lender, Private Money, real estate investment financing, Real Estate Investment Financing Strategies
Posted in Real Estate Investment Financing Strategies | 1 Comment »