Comments on: Are You Making These Common Private Money Getting Mistakes?

By: Patrick_Riddle

Patrick_Riddle — Sat, 17 Jul 2010 14:06:22 +0000

Hey Jim … Thanks for the comment.

That would be a great addition to this list of mistakes to avoid.

Dan, I’ve never tried that angle before. Marketing is all about testing. I usually have gone with the “Learn the Secret of Earning Higher Returns …” angle.

~ Patrick

By: Dan

Dan — Wed, 14 Jul 2010 16:09:58 +0000

Hey Jim Smith!
I would like you to send me an email to gather a little more information
ElectricTreeMan@aol.com
Sincerely,
Dan the Man!
ps
Hey Patrick; how about this ad?
Real Estate Partner needed
I do all the work
Call or send email

By: Jim Smith

Jim Smith — Tue, 22 Jun 2010 21:43:06 +0000

Nice site…you gents are providing a nice service.

As a word to the wise you did not address the SEC’s pre-existing relationship requirement.

Violating it is just as dangerous as running the ad you referenced in #1 above.

The recommended procedure is to have “3 touches in 30 days.” Feel free to contact me if you’d like some

details.

By: Patrick_Riddle

Patrick_Riddle — Tue, 29 Dec 2009 14:06:26 +0000

Hey Wade … good questions.

I know the ads seem very similar but the first directly solicits investors, while the second is geared towards “teaching” how to become a private lender. Even if your personal goal with each is to attract private money prospects, the first ad can land you in hot water with the SEC and second is compliant.

So, yes, you can post an ad like that on Craigslist and direct them to a squeeze page. But, make sure the squeeze page also is geared towards “teaching” them about private lending … not offering an investment opportunity.

When you get a lead through your squeeze page, after you’ve talked to them on the phone to qualify them and met with them to present your private lending PowerPoint presentation, then you can offer an investment without it being considered a general solicitation … because you have a relationship with them … you “know” them.

Michel … good suggestions man … thanks for the feedback.

~ P-Rid

By: Michel Lautensack

Michel Lautensack — Tue, 29 Dec 2009 12:02:56 +0000

great stuff – I would alos add using some words in advertsing such as “guarantee” or “safe” or “low-risk” are also some thing to avoid

Thanks
Mike

By: Wade

Wade — Tue, 29 Dec 2009 00:42:57 +0000

I don’t understand how the second ad isn’t considered general soliciation? Aren’t the goals of each the same? Assume I use that second ad…can I post something like that to Craigslist then direct them through a squeeze page type program?