How Part-Time Investor, Tim Ryan, Closed A 42-Unit Deal With None Of His Own Cash Or Credit
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…
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“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.”
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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?
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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 :-)
You could be leaving hundreds of thousands of dollars (maybe even millions!) on the table with your private lending prospects … IF you don’t have an effective follow up system in place.
Have you been to your local REIA (real estate investment association) meeting before? If so, how many of those people do you think are actually investing?
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Patrick Riddle: