A great way to do that… is to do what one of our members, Josh Borcherding from Eau Claire Wisconsin, is doing. He’s *strategically* quitting his job to go into real estate investing full-time (more on this in a min).

It all started 3 years ago when Josh read Rich Dad Poor Dad by Robert Kiyosaki. This got the ball rolling. He and his wife sold their house, bought a 4-plex, and moved into one of the units.

I didn’t know it at the time, but Josh started following me and the rest of the PMBP clan about 6 months after buying that first property.

What’s really cool is that he’s been updating me on his progress regularly since joining our Certified Strategic Investor training program. Check out these updates over the past 6 months…

August 20th, 2011

“First off I want to thank you for all the great info you share! We are currently going through your CSI program and love it! Currently we have about $100+K in private money from a few different lending partners. Thanks.” – Josh

August 25th, 2011

“Can’t wait to start doing more deals with private $$… in the past two years my wife and I have built a nice portfolio of 13 rental units cash flowing at $3800 a month! We love what we do and can’t wait to reach our goals. Thanks again for the help.” – Josh

November 1st, 2011

“Hey Patrick, just wanted to shoot you an update from the last time we corresponded in late summer. My wife and I have went from 13 units to adding another 10 units, (two 4 plex’s and two single family homes), and we did it using none of our own money! We have increased our cash flow from $3,800 to $5,011 per month.” – Josh

At this point, I asked Josh to share his success story with our members on our next monthly training. The webinar was awesome. It’s amazing how no matter how long you’ve been in this business, there’s ALWAYS more to learn. That’s why we love bringing on members to share what’s working for them in today’s market.

If you’re kicking butt and taking names like Josh, we’d love to interview you sometime… and continue to show people that not only is real estate investing possible… it’s possible for YOU! Anyone can do this when you take educated action. Especially when you have support and encouragement from fellow investors.

Ok, now for the kicker

When I talked to Josh a few months ago, he told me he set a goal to quit his job and go into real estate investing full-time within 1 year. Well, he just sent a new update yesterday and he’s 7 months ahead of schedule! BOOM!! Check it out…

February 20th, 2012

“Hey Patrick,

Well I did it again!!  I put an add on craigslist “Looking to Buy Rental Properties” and got a reply! We met with the 3 brothers and found out they own a bunch of 4 unit townhouse style buildings and are willing to do seller financing.

I used the same 3 offer approach I used in the past and and negotiated 10% down with a 5.5% rate for 12 years and they are willing to renew the note after that 12 years. They have 28 units (7 buildings) that they want to work with us on, we are going to close on 8 units (2 buildings) next month and work together to close on the rest in the next 10 months doing 8 units (2 buildings) at a time.

The 10% down will be covered by a private lender and the properties will cash flow over $500 a month each, not using our own cash! After the private lender is paid off they will bring in over $1,000 each.

Thanks again for all the great info you put out there, couldn’t do any of this stuff without quality mentors like yourself.

P.S. My goal to leave my current job will be met this June 1st. 7 months earlier than anticipated!!” – Josh

So…

How is Josh *Strategically* Quitting His J-O-B to Become a Full-Time Investor?

Josh’s niche is multi-family properties that generate solid cash flow. And he’s using these cash flow properties to replace his income.

He’s being strategic about it. Josh isn’t just jumping ship from his current income at his job, he’s replacing it FIRST.

If you’re newer to real estate investing (heck, even if you’ve been doing this for a little while) and your ONLY source of income is through deals, that can be a very stressful.

Here’s what I feel is the best strategy to go from where you’re at right now to becoming a full-time investor…

1) Establish an income OUTSIDE of real estate investing to pay for your (or your family’s) current lifestyle. Maybe a part-time job will suffice. If not, get a full-time job for the time being. Or however many jobs you need to pay the bills.

2) Spend as much time as possible building your REI biz when you’re not working to earn your income.

3) Quit your income earning job or jobs (if you want) AFTER you’ve replaced your income through real estate investing.

 Let’s Show Josh Some Encouragement and Support!

Here at Private Money Blueprint, we’re a community of like-minded investors, a family. We’re not like a lot of the other gurus out there who care more about profits than their students results. The reason I do what I do helping other investors with our training, products, and support is THIS! It’s Josh’s story and SO many other investor’s stories… who have become successful investors and are leading new lives because of it.

Josh is on track to achieve his goal (7 months early!!) to quit his job on June 1st. Show Josh some encouragement! Show him YOUR support!

… by leaving a comment below.

If this were you, wouldn’t it be empowering, motivating, and inspiring to have investors all over the country behind you… pulling for you? You bet!

Leave a comment below and let’s show Josh what it really means to be part of the PMBP community. Thanks. I really appreciate you.

Happy Investing!

- Patrick

P.S. – If you enjoyed this post, share it with your friends, family, and followers. Who knows… it may be just what someone needs to help them build a thriving real estate investing business and live an epic life.

Are you growing or shrinking? Are you taking steps towards your goals or letting them drift away? Are you doing the things you know you should be or letting fear stop you in your tracks?

If you’re growing, if you’re taking steps towards your goals, if you’re doing the things you know you should be, then you’re an asset. If not, a liability.

There are a few core areas of your biz that we need to make certain you’re an ASSET… because real estate investing, building a business requires it.

4 Core Areas of Your Real Estate Investing Business – Are You an Asset or Liability?

#1 - Education

You’re an asset if…

You are committed to CANI (constant and never ending improvement). You read good books, blogs, articles, etc on a regular basis.

You take massive action. You know that the REAL learning comes from the field… not in the classroom.

You learn from the people you meet, the experiences you have, the mistakes you make along the way.

 #2 - Language

You’re an asset if…

You speak confidently about yourself, your abilities, your business, your future.

You don’t use weak words like “try” or “wish.” You boldly exclaim (at least to yourself) that you can and will do whatever you set your mind to.

You don’t say “I can’t”… you ask “how can I?”

#3 - Planning

You’re an asset if…

You live by the Proverb, “He who fails to plan, plans to fail.”

You know what you want in biz and life and have written plans to make it all happen.

Even though you don’t know exactly “how” you’re going to accomplish your goals, you know that with a strong enough “why,” the how takes care of itself.

You do the best you can with what you have… and are flexible – adjusting your plans along the way as needed.

#4 - Network

You’re an asset if…

You understand that your network makes a HUGE impact on your net worth… and actively look for ways to build new relationships and strengthen existing ones.

You associate with like-minded positive people who are where you want to be.

You’re active in organizations like REIA, chamber of commerce, Rotary, Business Networking International, small biz association.

Regardless of whether or not you’re comfortable meeting new people, you do it anyway.

So, let me ask you again…

Are you an asset or liability to your success?

If you’re currently a liability, it’s time to do something about it. Now.

All it takes is one decision.

A decision to actively educate yourself, speak the language of success, plan, build your network.

“Where failure is experienced, it is the individual, not the method, which has failed. If you try and fail, make another effort, and still another, until you succeed.” – Napoleon Hill, Think and Grow Rich

As an asset to your success, as someone willing to make another effort, and another… there is only one result. Success.

-Patrick

I walk through a few actual private loans and show you the rates and terms… so you’ll see what other investors are paying for private money.

Also, there’s a BIG lie that many investors believe that holds them back from getting cheap private money. Make sure this isn’t you.

Private Money Lending Rates And Terms

Watch the video below…

If you want to get private money through public records (and grab those bonuses I mentioned that we’re offering right now), check out Private Money On Demand.

Toss your thoughts and questions in the comment area.

Happy Investing!

- Patrick

Have you ever had a private lender commit funds to you… only to get cold feet and back out of the deal? If so, you’re not alone.

It happens to many of us. After a couple lenders backed out on me early on in my career leaving me high and dry, I finally learned how to handle this problem once and for all.

Here’s what to do…

How to Prevent Private Lenders From Getting Cold Feet – 4 Lessons

Lesson #1 – Beware Of The “Casual Yes“

First, have you sat down with your private lender prospect and walked them through my PowerPoint presentation? (right click and “Save link as…” to download my presentation)

If not, that’s the next step.

Many times, investors will start telling everyone they know about private lending, the rates and terms they offer, the paperwork involved, and more… in a casual setting. At a REIA meeting, on the phone, grabbing a drink at a bar… instead of waiting to go over those details in the formal sit down appointment.

When this happens, often times you’ll get a “casual yes“ from your private lender prospect.

Here’s the most effective private money getting process I’ve found and how to do away with “casual yes’s“…

Step 1 - Paint the big picture

Tell people that you’re a real estate investor. Get ‘em interested, intrigued with your business. Use techniques like the half minute private money hook and the biz card reversal technique to get other people asking you for more info about your investment opportunities.

Do NOT go over details in this step (ie rates, paperwork, etc).

Then transition to…

Step 2 - The formal appointment

This is where you present your private lender presentation and go over all the details. Make sure all decision makers are there (if someone is married, that usually means both spouses).

In this appt, you’ll be educating your prospect on your biz model, why you borrow from individuals, how they fit in the process… you’ll be answering their questions and objections… and you’ll be gathering information about your lender so you know exactly what they want in a good investment.

Then you’re ready to…

Step 3 - Pass specific investment opportunities by your prospects that match up with their goals and needs

Now when your private lender commits to funding a deal for you, it will be an educated decision. It’s much more likely that they’ll come through after this process, than from a “casual yes.”

But, there are still some lessons for you to learn to ensure 100% that you’ll get your deal funded.

Lesson #2 – Handle The “Are You Crazy? The Market Is Terrible!” Objection

After your private lender commits to funding a deal, there’s a future objection that you need to handle that may come up before closing.

For example…

So your private lender says “yes,” then goes to work the next day and tells one of their colleagues about the decision to lend money on a real estate deal… to which they reply, “Are you crazy? The real estate market is terrible!”

Here’s how to handle this… right after you’re lender says “yes”… say, “If you happen to talk to anyone about your decision to lend funds on one of our real estate deals,  you’ll probably get a response like ‘the real estate market is in shambles’ or ‘are you crazy’ or ‘it’s a horrible time to invest in real estate’…
… so I just wanted to prepare you for that. That’s how the mass media paints the picture about investing in real estate… but you and I both know that NOW is a great time to invest in real estate based on what intelligent investors do… buy when the market is down.”

Now, if someone says something about the terrible market or it being a bad decision to invest in RE, your private lender expects it… and doesn’t have to defend their decision because they knew this was coming.

Lesson #3 – Committed Funds Have A Shelf Life

In my investment biz, we’ve always said that good deal have a shelf life. Meaning if we don’t close quickly, we may end up losing the deal.

Well, it’s the same with private money. Wait too long and you’ll risk losing access to the moolah.

The quicker that you can put a lender’s funds to work in a deal after the commitment, the better.

Lesson #4 – The Worst Number In Business

This is something that you probably don’t want to hear… that may rub you the wrong way… but I’m here to tell you what you need to hear, not what you want to hear.

If a private lender gets cold feet and walks away right before closing and you lose the deal…

… it’s YOUR fault.

Sure, you can get ticked off, point fingers and blame the person who “caused you to lose the deal”… but I’m here to tell you that YOU put yourself in that position.

The worst number in business… 1.

If you ever rely on ONLY one source of funding, the only person you can get upset with if you lose a deal is yourself.

You want (need) multiple funding options to ensure that you NEVER lose a great deal.

Always have a back up lender in place.

Happy Investing!

- Patrick

Here are just a few of the general causes of this problem:

• increasing rate at which information is being produced
• increase in available channels of incoming information (phone, email, instant messaging, etc)
• inaccuracies of information (watch out for this one!)
• pieces of info are unrelated or don’t have a overall structure relating everything together

Information Overload stops newbies dead in their tracks, causes indecision and inaction or action in too many directions.

This problem keeps experienced investors from maximizing their potential, causes time to be squandered and opportunities lost.

How to Overcome Information Overload in Real Estate Investing

1. Choose one niche when getting started in real estate investing and focus until you consider yourself    an expert. Then, and only then, venture into additional niches.

2. Quality over quantity. Seek quality info from a couple or few trusted sources.

3. Create silence. Shut off your darn TV, your radio and enjoy a few moments of quietude once in a while.

4. Forget multi-tasking. Do one thing at a time.

5. Focus on “need to know,” not “nice to know” info.

6. UNSUBSCRIBE. If you’re on twelve different  people’s email list, what do you  expect? Are    they providing you great content on a regular basis or just pitching you the new flavor of the week? Is the  content provided in direct line with your current goals? If not, unsubscribe!

7. Disconnect yourself from your phone / email on a regular basis.

8. Use the Pareto principle. Also called the law of the vital few, it says that 80% of effects come from 20%  of the causes. Focus on the 20% of the causes that make you money in real estate investing.

9. Ask yourself, “Is X relevant to my goals in biz and life?”

10. Make use of “dead time.” You know, when you’re sitting around waiting for your car to get serviced or  in a doctor’s office. Don’t be one of those people who just sit around twiddling their thumbs.

11. Write it down. Whatever you need to get done this month, week, day, put it on paper. Get it out of    your head.

There you go… now it’s time for you to put these into action.

Happy Investing!

- Patrick

As Daniil says, there’s nothing sexy about crunching numbers and math. What’s sexy is making money and growing a huge real estate operation.

But to do that you MUST…

- make the right offers

- not overpay for deals

- leave nothing out of your analysis

- know your numbers cold

How To Analyze Real Estate Deals With Free Software

Watch Daniil’s step-by-step deal analysis video below…

Good stuff, ehh?

Before you go, grab your FREE version of Daniil’s real estate deal analysis software. After you sign up for it, he’ll shoot you an email with download instructions and additional training.

Happy Deal Analyzing!

- Patrick

P.S. – Show Daniil some love… share this video with your friends and toss any thoughts and questions you have for him in the comment area. Thanks!

Here’s what she said, “Hi Patrick, I’m newer to real estate investing but have been taking a lot of action. I’m starting to come across properties that I think are good deals but am not sure exactly how to analyze them. Can you help?”

This is a common question, so we decided to make this “Deal Analyzing Week.”

Analyzing Real Estate Investment Deals

In today’s tutorial, I go over 3 things you must know in order to properly analyze a deal. Enjoy!

Toss your thoughts and questions in the comment area.

Happy Investing!

- Patrick

P.S. – Later this week, one of our faculty members (who specializes in deal analysis) is going to show you exactly how he analyzes his deals… AND show you a free tool you can grab that does most of the work for you. Something to look forward to

#1 – Private Money Deal Structuring

and

#2 - Negotiating Private Money Loans

I cover all this (and more!) in this Free 75 min 100% Content Training Video:

http://howtogetthemoney.com/members/structuring-deals-advanced-psychology-negotiations/

That’s one of my presentations, “Deal Structuring, Advanced Psychology, & Negotiations,” from our 3-day “Getting The Money” event.

Just one of the strategies that you’re about to learn could make THE difference in securing funding for your next deal…

… like the *secret* ingredient (which I learned from Robert Cialdini’s classic book Influence) that you can and should be using with ALL of your private lenders to get them to enthusiastically say “YES!” to your next deal.

Enjoy

-Patrick

Here are some of the findings from the report (quoted from the article):

• “Three of the 10 markets on this list are state capitals, and both Illinois markets benefit from proximity to that state’s capital, Springfield.
• Four of the markets: Bloomington-Normal and Peoria in Illinois as well as Des Moines-West Des Moines and Waterloo-Cedar Falls in Iowa, are no more than 300 or so miles from each other.
• Nine of 10 markets had median sales prices below the national median in the third quarter of 2011.
• Where affordability rankings were available, the markets on the list had no less than 73.6 percent of homes affordable to those households earning the area’s median income in the third quarter.
• All had unemployment, foreclosure, and vacancy rates lower than the national average. None of the markets had unemployment rates higher than 7.9 percent. All had lower shares of distressed sales than the national average.
• Only two of the markets had populations above 1 million, and three had populations above 500,000. The remainder had populations below that figure, but above a minimum 150,000.
• As in last year’s report, jobs in the public sector as well as the health care industry were major employers in most markets. This year, however, nine out of 10 markets also counted manufacturing companies among primary employers. Technology companies, energy providers, and universities also boosted many markets.”

Check out the full report on the top 10 real estate markets to watch in 2012.

Leave your thoughts and questions in the comment area below.

-          Patrick

P. S. – If you like this kind of info, share it before you go. We appreciate it

After my first year of investing, I knew something had to change. The financing techniques I had used (conventional financing, hard money, partners) just weren’t working for my goals, my needs.

So I decided to get private money.

But after trying and failing… getting “no” after “no,” I almost quit.