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

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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

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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” …

How to Explode Your Private Lending Program w/ a Newsletter

In Part 1, I walk you through exactly how to set up your private money lending newsletter including …

- What to say in your newsletters

- Where to get valuable content you can use without having to write it yourself (free places)

- How often you should mail

- Is print or email better?

- What service providors are the best? (we’ve tested)

- How to build credibility with the prospect over time … and how to get them to say “yes” without ever selling them

Head on over to the PMBP blog now to check out Part 1 – “How to Explode Your Private Lending Program w/ a Newsletter”.

Enjoy :-)

~ Patrick

… P-Rid

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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)

Did you notice that his lender told him, “Let’s start with $100,000 and if it looks good, we’ll go big time.”

How about that!

.. just another example of real world every day people easily getting private money for their deals.

Happy Private Money Getting!

~ Patrick

… aka P-Rid

P.S. – Want more proof that regular people all over the country are getting private money when they plug into the right system. Check out these private money case studies.

P.S.S – Come fan me up over on Facebook. My social media fans, friends, and followers are always first to know what’s new with me and my baby, MustKnowInvesting.com.

Disclaimer: These private money results are not typical. The “average” person who invests in any educational course or system doesn’t take any action; therefore, gets no results. And in our case, gets no private money.

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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.

What type of properties can you buy with private money?

The primary niche for my real estate investing business is single family homes. But, single family homes are not the only type of property you can buy with private money.

My buddy, Trevor Mauch, only buys apartment buildings. He has been investing for several years now part time and has accumulated a nice portfolio. Each property cash flows well, is managed by a professional property management company, and is in or near his local market.

And how do you think he finances every one of his purchases?

You guessed it … Private Money!

Any great real estate investing deal can be financed with private money. It doesn’t matter if it is a house, condo, townhouse, apartment building, skyscraper, or beach front home.

Do you have to do lender luncheons to get private money?

One of the popular methods taught to get private money is to host a lender luncheon. You would be required to rent a facility, advertise to fill the room, and you would present your private lending program in front of the audience. While I believe this to be a good strategy for some, hosting a lender luncheon is not a viable strategy for most.

Why you might ask?

The number one fear in our country is public speaking. And you know what is number two … death! Most people would rather die that speak in front of an audience. Even if it was easy to get private money by hosting a lender luncheon, the majority of people would not do it.

So the question still remains, “Are lender luncheons required to get private money?”

Luckily for you, the answer is “no.”

I actually found that it is easier to get private money by presenting your investment program to prospects one on one. Plus, you don’t have to spend money to rent a room at a restaurant or hotel, pay for marketing costs, deal with the anxiety of presenting in front of an audience, etc. etc.

What types of people are the best private money prospects?

The first type is people who know and trust you. This could be a family member, long time friend, neighbor, someone from church or school . . . really anyone that you have built a long term relationship with could be a good source for private money.

The second is people who know a good deal when they see one. Anyone who works in a field related to the real estate industry could fit in this category. Examples would be real estate agents, mortgage brokers, bankers, appraisers, home inspectors, attorneys, accountants.

And yet another type most likely to lend to you is the best source of all . . . people who know someone who has invested with you. Or, in other words, referrals! Once you get your private lender base established, ask them who they know that would also like to make a good solid rate of return backed by real estate.

Would my local real estate investing association (REIA) be a good place to find private money?

Yes, it would!

REIA meetings are filled with people who have heard real estate investing is lucrative, want to make money doing it, but do not have the time, energy, motivation, or know how to do it themselves. That’s where your private lending program comes in …

You offer a hands off real estate investment with a good return. Your private lender gets to “invest” in real estate without having to deal with the hassles that come with owning property like repairs, managing contractors, dealing with tenants, and other general property management duties. All they have to do is stroke you a check.

People who attend REIA meetings are already sold on real estate investing, all you have to do is sell them on lending against one of your deals.

How do you convince someone to lend you private money?

You don’t!

That is coming from the wrong mindset. You’re not out to “convince” anyone to lend money to you. Your goal is to educate people about your investment opportunities. If someone is interested, great. If someone is not, next.

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Welcome … 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 …

What is Private Money?

It’s very simple … private money is cash (investment funds) from an individual that they lend to you, the real estate investor, as an investment rather than investing traditionally through stocks, bonds, CDs, or mutual funds.

That’s it!

Soooo, any individual that you know and every individual that you meet from now to eternity are potential private money lenders. Rather than investing traditionally, they invest through your private lending program.

Why Would Someone Lend Private Money?

Tons of people have suffered massive losses in the stock market and are sick and tired of their meager returns in CDs, mutual funds, and bonds. There is a tremendous need for a good place to put investment capital these days.

That’s where your private lending program comes in …

Real estate can be purchased today at rock bottom prices. And when you have private money (aka CASH) to go make offers and close great deals, you can create a win-win-win for all parties related to each transaction. The seller gets a fast cash offer, the private money lender makes a good return, and you make all the profit in the deal.

… and without further ado …

37 Must Know Tips to Getting Private Money Easily

Here we go guys and gals … get ready for some heat!

I had to cut this week’s video into two parts … YouTube only allows videos that are less than 10 minutes, and I couldn’t figure out a way to deliver all of this content in that time frame … so there are two videos for your viewing pleasure below …

Check ‘em out!

So what do you think so far? Pretty good stuff ehhhhh?

… alright and now for your private money tips 13 to 37 …

The time has come for me to roll the ball back in your court … time for you to TAKE MASSIVE ACTION … (see below)

“How to Become a CIA” Action List

1. Download your free copy of my “How to Recruit Private Money Millions” eBook and private lender PowerPoint.

This is the same presentation that I’ve used to get millions in private money … it’s fully customizable and ready for use whenever you are …

2. Set the deadline for your first (or your next) private money formal appointment. Write it down right now!

I suggest the deadline be no more than 14 days from now … I’ve given you the information … I’ve given you the tools … what are you waiting for?

3. Many of you know about my Private Money Blueprint home study course … the step by step system that myself and Trevor Mauch designed to help walk people through the steps to getting massive amounts of private money … well, for those of you that want to take the easy way to private money millions … click here to learn more about our private money getting system …

It’s definitely not for everybody … but it’s worked out great for many of our students across that country that no longer have financing worries … also, we’ve even set things up so that you can get a fully search engine optimized, customizable, private money lead generation website …

Wouldn’t it be awesome to have private money leads flowing right to your inbox?

Click here to learn more

4. And last but not least … Comment below with your questions, thoughts, and tips!

Hope y’all enjoyed the 37 must know private money tips and resources …

Here are the links to the rest of the series . . .

Intro | Part 1 | Part 2 | Part 3 | Part 5 | Part 6 | Part 7

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Financing, 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 often than not, most people just want something for nothing. They want the easy way out. They want to reap the harvest and have private lenders beating down their door but aren’t willing to till the soil, plant the seeds, and nourish them into full bloom . . . which is what it takes to get private money lenders for real estate deals!

The farmer doesn’t demand a crop from his field whenever he feels like it. He doesn’t plant his seeds in the fall. Neither does he plant his seeds in the spring and go on vacation for the rest of the year.

A farmer knows that to have a bountiful harvest, he must till the soil, plant seeds, and tend to his crop. He knows there is a specific order that must be followed and that even when he “does everything right,” he is still not guaranteed a harvest. He must work hard, work smart, be flexible, and learn from everything he experiences day by day.

4 Step Process to Harvest All the Private Money You Need for Your Deals

Step 1 – Till the Soil

There are two things that every person that you know and every person you come in contact with should know . . . you are a real estate investor and you have investment opportunities available.

But that’s it at this stage in the process. You’re not explaining the details of your investment program, how the investment is secured, what rate you are paying, how it’s all structured, etc.

Your job when “tilling the soil” is to simply pique interest with anyone and everyone. And you do this by using what we call the “Half Minute Private Money Hook” (aka elevator pitch).

Basically, you want to tell your prospect what you do so that a second grader could understand, target pain points (like losing money in the stock market or meager returns from CDs, bonds, mutual funds), give them your biggest benefit, and get a “yes”. To learn the exact script for the “Half Minute Private Money Hook” Click Here (it’s covered in one of the training videos).

Using this technique, when you come across a good prospect for private lending, they’ll start asking you detail questions about your program. That’s when you know you’ve done your job “tilling the soil”. Now that interest has been piqued and your prospect wants to know more, go for the formal appointment.

Here’s another quick tip for ya …

Do not disqualify anyone as a potential private money lender. That’s one of the most costly mistakes you can make when getting started. You don’t care if someone has the wherewithal to invest or if they’re currently interested in becoming a private lender.

Alrighty then … on to …

Step 2 – Plant Seeds

When you have a formal sit down appointment with a private money prospect and they leave the appointment with a FULL understanding for exactly how your program works and where they fit in the process, you have successful planted a seed. Nice work!

You want to continuously set appointments for practice, you want them for feedback, and want one more person out in the world to know the ins and outs of your program. If someone you meet with never invests with you in a million years, that’s fine! Who knows who they’ll tell about your investment program. When the topic of real estate investing comes up, chances are, they’ll want to contribute to the conversation. That’s when the word about your investment opportunities starts to spread.

If you use the free private lender PowerPoint presentation that we provide, you will find out a ton of good information from your prospects about their needs and goals. There are specific questions built into the presentation so that you will know exactly how to match the right prospect with the right deal going forward.

From here, you want to . . .

Step 3 – Nourish Your Field

You’ve probably heard before that . . . The Fortune is in the Follow Up!

Well, that’s the whole truth and nothin’ but the truth when getting private money. You want to create a list of people that you’ve planted a seed with (meaning you’ve formally presented to them and they understand your investment program), so that every time you have a deal that needs funding, you can just go down the list calling every private lender prospect that could be a match.

And you follow up with these prospects until they “buy or die.” Until they tell you to get lost and quit calling them or until they write you a check to fund a deal. The more contacts that you have with each individual, the more you build trust, credibility, and your chances that they’ll become a private lender.

You’re nourishing your field by following up continually and setting yourself up for a copious harvest!

Step 4 – Harvest the Crop

You make the call saying, “Hey Bill, thought of you when another great investment opportunity came up and . . . not sure if it would be right for you but thought I would at least call and tell you about it . . . you see, we’ve got a great opportunity for the right person. It’s not going to last long though because I’m going to have a private lender committed to funding it by Friday. Is this something you might be interested in?”

And low and behold, the private lender prospect says, “YES.” You’ve successfully tilled the soil, planted the seed, and nourished your field until harvest.

Now, get back out there and start all over again . . . you’re on your way to having private lender beating down your door! Keep up the good work!

Recommended Private Money Getting Resource

Want more free private money training? Click here NOW to access my case study vault which contains free videos of people all over the country making a fortune getting private money lenders for real estate deals.

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