Here’s A Great Private Lending Resource…

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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

Tags: patrick riddle, private lender resource, Private Money, private money for real estate, private money for real estate investing, private money lender, private money lending, private money resource
Posted in Real Estate Investment Financing Strategies, Tips and Tricks | No Comments »

Advanced Private Money Training: The “Diagnosis” Technique

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Alrighty, I have a new video for ya… an advanced private money getting technique.

Just like a doctor diagnoses his or her patients, you should be diagnosing your private money prospects.

In this tutorial, you’ll learn not only “why”… but specifically how to diagnose your prospects and get more private money more easily.

Average investors who try to get private money (key word “try”) don’t do this… which adds to the reason that they’re average.

Check out the video below to learn the “diagnosis” technique…

Makes sense, doesn’t it?

Now that you know the power of the “diagnosis” technique, it’s time to put it to work for you.

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

Happy Private Money Getting!

- Patrick

Tags: borrow private money, patrick riddle, Private Money, private money for real estate, private money for real estate investing, private money lenders, private money lending, private money technique, private money tips, the diagnosis technique for getting private money
Posted in Real Estate Investment Financing Strategies, Tips and Tricks | No Comments »

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

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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.

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” …
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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

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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 …

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

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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 | 5 Comments »

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

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Answer 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.
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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 »