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Posts Tagged ‘private money for real estate’

What to Do When They Say “No” (Step by Step)

Sunday, March 21st, 2010

No Comments »

Private_Money_Lending_Follow_UpYou 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.

Answer this for me …

What are you doing with your private money prospects when they say, “No” or “I’m not interested right now.”

If you’re like most people, you’ve forgotten them. You never contacted them again, right?

Well, I’ve put together a deep content tutorial that walks you through the process of setting up a follow up system that automatically stays in contact with your prospects AND builds massive credibillity and trust.

Check ‘er out over on our Private Money Blueprint blog.

And here’s the coolest thing about it …

This is ONLY Part 1 of my brand spankin’ new, deep content drenched, “P-Rid’s Private Money Millions Series” …
(more…)

Tags: Private Money, private money blue print, Private Money Blueprint, private money blueprint blog, private money for real estate, private money lenders, private money lenders for real estate, private money lending
Posted in Real Estate Investment Financing Strategies, Tips and Tricks | No Comments »

How to Get Private Money in 7 Days FLAT

Wednesday, March 17th, 2010

4 Comments »

Just opened my email box to another killer testimonial the other day …

You’ve gotta check this out!

This dude bought our Private Money Blueprint (PMBP) – private money getting system – on Feb 18th … and within 7 days, locked up $100K in private money. And not only that, he got 3 referrals!

Check out the screen shot of his email …

Srj_Testimonial

(if you’re new here and wondering who Trevor is, he’s my partner in the PMBP)

(more…)

Tags: creative real estate investing, patrick riddle, Private Money, private money case study, private money for real estate, private money lenders, private money lenders for real estate, private money testimonial, real estate investing
Posted in Real Estate Investment Financing Strategies | 4 Comments »

Frustrated Because You Can’t Finance Your Real Estate Deals?

Thursday, November 5th, 2009

1 Comment »

frustrated_private_money_real_estateAnswer these questions for me …

>> Are you frustrated because you can’t get the cash you need for your real estate deals?

>> Have you ever lost a great deal because you didn’t have funds to close it?

>> Is a lack of financing killing your real estate investing dreams?

If you answered “yes,” to any of the questions above, then private money may be THE solution for you.

What is private money?

Private money is cash from an individual that is lent to you, the real estate investor, rather than being invested traditionally through stocks, bonds, mutual funds. When you think about private money, think investment funds from an individual … any individual.

Is private money the same as hard money?

Far from it!

Hard money lenders finance deals for real estate investors as a business. They lend to investors based on the property, not necessarily based on the person. The hard money lender dictates the terms of the deal to you, the investor.

A typical hard money loan has high interest, points, and is short term. For instance, I purchased my second deal with a hard money loan. I was charged 15% interest, five points (or 5% of the loan balance), and had a term of six months to repay the loan in full.

Do you see why they call it “hard” money?

On the other hand, with private money, you dictate the terms of the loan to your private money lender. Based on the deal and your business model, you offer terms that suit your needs and provide a good return for your private lender. A typical private money loan could have 6% to 10% interest, no points, and a term that suits your exit strategy.
(more…)

Tags: patrick riddle, Private Money, private money for real estate, private money lenders, private money lenders for real estate, private money lending, private money lending for real estate, real estate investing private money, real estate private money
Posted in Real Estate Investment Financing Strategies | 1 Comment »

How to Become a CIA: (Part 4) 37 Must Know Tips to Getting Private Money Easily

Wednesday, September 30th, 2009

2 Comments »

Private Money Real EstateWelcome … to Part 4 of the “How to Become a CIA” creative real estate investing series … 37 Must Know Tips to Getting Private Money Easily …

(if you’re new to the series, you may want to start with the introduction)

This week, I’m gonna teach you how to easily get private money for your real estate deals.

Maybe you’re not sure if private money is really right for you … if that’s the case, answer the following questions …

“Have you ever lost an incredible deal because you didn’t have cash to close it?”

“Are you scared to even make an offer for fear that it will get accepted?”

“Want to do short sales or REOs … but don’t have the financing lined up to do so?”

“Do you agree that now is the time to buy but have no means to close deals today?”

If you can relate to any of the above problems, private money just may be the solution you’ve been looking for. Before we get to the meat of today’s lesson though … the 37 must know tips to getting private money easily … let’s make sure we’re all on the same page …

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Tags: creative real estate investing, Financing, private lending, Private Money, Private Money Blueprint, private money for real estate, private money lenders, private money lending, real estate investing, real estate investment financing
Posted in Business Management Systems and Tools, Real Estate Investment Financing Strategies, Tips and Tricks | 2 Comments »

How to Get Private Money Lenders Beating Down Your Door

Wednesday, March 25th, 2009

9 Comments »

Private Money Real Estate InvestingFinancing, Financing, Financing! That seems to be the MAJOR sticking point for real estate investors these days.

If you’re one of our regular readers, you know that we teach a great deal on how to get private money. But, I still get tons of comments from investors like . . .

= > I don’t want to ask people I know for private money . . . where should I start?

= > The people that I know with money aren’t interested in lending right now . . .

= > How can I get private money without experience as an investor and a proven track record?

= > Everyone I talk to is holding on to their cash right now. Are there really people out there lending private money in today’s market?

. . . and the list goes on and on. If you look closely at these comments, all they really are is excuses.

(more…)

Tags: creative real estate investing, Financing, private lenders for real estate, Private Money, private money for real estate, private money lenders for real estate, real estate investing, Real Estate Investing Financing Strategies, real estate investment financing
Posted in Real Estate Investment Financing Strategies | 9 Comments »

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Who's Behind Must Know Investing?

Patrick Riddle:
Patrick grew up in Lexington, South Carolina. Went to Clemson University for several years studying civil engineering and wound up doing real estate investing in Charleston, SC.
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Dusty Keefe:
Dusty discovered real estate investing at the early age of 21. He flipped his first piece of property while he was still in school and never looked back.
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