How to Get Private Money for Your REI Deals in 7 Days FLAT
by Patrick_Riddle
Filed under Case Studies
Just opened my email box to another killer testimonial this morning …
You’ve gotta check this out. This dude bought our Private Money Blueprint (PMBP) 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 …
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!
This is another example of real world every day people getting private money in today’s market.
Happy Private Money Getting!
Patrick & Trevor
The Private Money Blueprint Team
** These private money results are not typical. The “average” person doesn’t take any action, and therefore, gets no private money.
Private Money Power Persuasion Phrases that Convert Prospects to Lenders
by Patrick_Riddle
Filed under Private Money Articles
Wouldn’t it be incredible if you could make a few simple changes in how you communicate your private money lending program and double even triple your conversion rate?
Heck yeah it would!
Well, I’m about to tell you – what took me years to learn through trial and error and countless hours of study in sales, marketing, psychology, persuasion, communication – 3 word-for-word “private money getting” power persuasion phrases … phrases that immediately disarm your prospect, gather needed information, and put you in the most powerful negotiating position possible: the reluctant role.
While these power persuasion phrases may sound simple, do not mistake associating simplicity with small value.
Remember as Albert Einstein said,
“Everything should be made as simple as possible, but not simpler.”
Or as Leonardo Da Vinci put it,
“Simplicity is the ultimate sophistication.”
Put these simple private money lending power persuasion phrases to work for you … and start getting the private money, the cash you need for your deals.
Private Money Lending Power Persuasion Phrases
Watch the video below …
That was a small clip from my private money getting presentation I did recently at Josh Brown and Lou Castillo’s event. I’ll be releasing more private money videos soon … so stay tuned!
Put your questions, comments, and feedback in the comment area … and let me know how I can help.
Happy Private Money Getting!
~ Patrick
P.S. Want more great private money getting videos? Click Here to Subscribe NOW!
Are You Taking S.M.A.R.T. Action as a Private Money Getter?
by Patrick_Riddle
Filed under Private Money Articles
As many of you know, I’m big on teaching students to … Take Massive Action!
I’ve seen all too many beginners get stopped in their tracks due to information overload, due to fear of the unknown, fear of failure, fear of what others may say.
The result of these common obstacles is often inaction. And that’s a BIG problem. Idleness is a sure fire way to frustration, anger, and ultimately failure.
I came up with a metaphor to help you destroy the tendency towards inaction with S.MA.R.T. Action.
Check out the video below to learn more …
Now, be honest with yourself …
Have you been taking S.M.A.R.T. Action?
If not, no big deal because you can commit today, you can commit right now to change that; to no longer be one who procrastinates, to be a doer, to take S.M.A.R.T. Action.
If you have any questions, suggestions, or tips, toss ‘em in the comment area.
Catch you later,
- Patrick & Trevor
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FREE “PRIVATE MONEY GETTING” WEBSITE – I you’re serious about having a profitable real estate investing business that gives you personal freedom with less stress, check out how we’ll set you up a “private money getting” lead generation site for FREE. Go here now.
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Are You Making These Common Private Money Getting Mistakes?
by Patrick_Riddle
Filed under Private Money Monthly
Hopefully, you either haven’t yet made or never will make these private money getting mistakes.
One of the best ways to learn something new, is to learn what NOT to do. In this instance, mistakes to avoid.
Learn from these common private money getting mistakes so that you get private money for your deals safer, easier, and faster.
3 Private Money Getting Mistakes You Must Avoid
1) Advertising Directly for Investors Without Registering with the SEC
Here’s an example of how NOT to advertise to get private money:
Investors Wanted!
10% Returns Backed By Real Estate
Guaranteed!
Contact us at xxx-xxxx
If you were to run an ad like this in your local newspaper, that would be considered a general solicitation. And without registering with the SEC, that could land you in some big time trouble.
Here are a couple tips …
Never, and I mean never, say that an investment is guaranteed. That could get you in major hot water with the SEC … not where you want to be. Like Benjamin Franklin said, “Nothing is certain but death and taxes.”
I recommend that your primary strategy for finding private money leads is to network at REIA meetings, chamber of commerce, rotary, small business associations, BNI, and other similar organizations.
But, for those of you who still want to advertise, here’s how to structure your ad so that you stay SEC compliant.
Position your ad as if you’re teaching how to become a private lender rather than directly offering an investment. For instance …
Learn How to Make Great Returns
Backed by Real Estate
Contact us at xxx-xxxx
That would not be considered a general solicitation.
2) Presenting a Specific Deal During the First Appointment
The private money getting process we teach our Private Money Blueprint students entails getting a prospect into a formal appointment and presenting your private lender PowerPoint presentation.
During the presentation, rather than presenting a specific deal, go over general terms for your private lending program.
You see, it’s much easier for someone to object to a characteristic of a specific deal than to an ongoing investment program.
If you present a deal at this point, your prospect may not have the required funds, may not like the property, may not be able to meet the time frame needed to fund the deal.
However, once you sell someone on your investment program and you find out exactly what range of funds they have, time frame available, expectations from a good investment opportunity, etc., you can transition to passing specific deals by him or her; deals that match the information you already elicited.
3) Telling Instead of Selling
To get private money, it’s not about you telling a prospect about you, about your company, about your real estate investing strategy, about your private lending program.
True, that’s part of it. But only part.
You’re selling an idea; an idea of how to make a good return on investment dollars. And the best way to sell that idea, believe it or not, is by asking good questions; the type of questions that elicit information about your prospect’s pains and goals.
Here are some good examples of questions to ask when borrowing private money.
Making mistakes in the private money game can cost you dearly. By steering clear of these 3 common mistakes, you’ll be on your way to getting private money safer, easier, and faster …
Happy Private Money Getting!
If you guys and gals have any questions, put ‘em in the comment area.
- Patrick & Trevor
How to Use Facebook and Twitter to Get More Private Money
by Patrick_Riddle
Filed under Private Money Monthly
Ok, I know what you’re thinking …
“Yeah right Patrick. Anyone who thinks they can use Facebook and Twitter to get private money is full of crap.”
… and I don’t blame ya.
I thought social media marketing – using Facebook and Twitter to generate leads for business – was just a bunch of hype too. I thought it was a complete waste of time.
But, that didn’t stop me from testing these new marketing platforms out for myself. And I’m sure glad I did.
Check out the video below to learn how to use Facebook and Twitter to get more private money for your real estate deals …
Good stuff, ehhh?
If you’d like to connect with Trevor and I, here are our links …
And if you’d like to do a little social networking while you’re over here, put your Facebook and Twitter links in the comment area below.
Let us know how we can help you guys and gals out …
Happy Investing!
- Patrick & Trevor
Private Money Blueprint Results – Kimberly Francis Raises Over $100K
by Patrick_Riddle
Filed under Case Studies
Whoever says that getting private money isn’t easy … either doesn’t know what he or she is talking about or doesn’t know the simple techniques and strategies that work for easily getting private money …
I checked in with one of our students, Kimberly Francis, on Facebook to see how the Private Money Blueprint System was treating her and if she had any questions we could help her with … check out her response …
It’s really gratifying … I mean think about it, “If you were stuck, without a way to finance your deals, unable to capitalize on one of the greatest times to buy in our lifetimes, unable to achieve your real estate investing dreams … and everything changed for you … you invested in yourself, you invested in your education, and now you’re seeing results like these … over $100,000 in private money just a couple months after getting started … wouldn’t that feel incredible?”
It does for Kimberly, and Butch, and Tim, and Connie, and Victor, and Ann, and Ray, and Justin, and the list goes on and on …
If you want access to hundreds of thousands of dollars in private money to fund your deals, if you want to learn how to easily get private money for your deals, check out our private money getting system.
Oh yeah, we love connecting with our students … whether you’re already on the Private Money Blueprint Team or just loving all the killer free training that we offer … head over to Facebook and friend us up …
Here are our links:
If you are one of the many Private Money Blueprint students who are rocking it and getting tons of private money, send us your success story … we LOVE hearing from you all 
- Patrick & Trevor
How to Explain the “Worst Case Scenario” to a Private Money Lending Prospect
by Patrick_Riddle
Filed under Private Money Articles
What do you say to a private money lending prospect when they ask you the dreaded … “Worst Case Scenario Question” …
This is one of those questions that comes up practically EVERY TIME you present your private lending program.
One of our students, Jose, recently had this exact question and wanted to know how to navigate this touchy subject without scaring them off … check out his email to us below …
Great question Jose … we get this one all the time …
What you say to answer this question, AND how you say it could easily make or break the deal … heck, where you answer this question could easily make or break the deal (as a Private Money Blueprint student, you know exactly what I’m talking about, don’t you?).
Check out the video below … I not only tell you exaclty what to say and how to say it, I also let you in on where to answer this type of question (most investors get this all wrong) …
Leave your questions, comments, tips below …
- Patrick & Trevor
How to Convert Wannabe REIs to Private Money Lenders
by Patrick_Riddle
Filed under Cool Stuff, Private Money Monthly
Check out this question we recently got from one of our Private Money Blueprint students …
Great question Mike!
Check out the video below to get the skinny on Mike’s question …
Leave your questions, comments, and whatever else is on your mind below …
We’re here to help!
- Patrick Riddle
Have You Done This With Private Lenders Before?
by Patrick_Riddle
Filed under Private Money Articles, Private Money Monthly
When getting started with private money, what if one of your private money prospects asks you …
“Have you done this with other lenders? If so, could you give me a few names that I could contact?”
How would you respond to that? What would you say?
If you’re like most, you’d probably fumble on your words … stutter a little bit … and leave your prospect with a not-so-good feeling about you and your investment program …
BUT, have no fear … Patrick’s Here!
… lol … ok, maybe that was a little much … but really …
One of our students asked this question recently so I shot a quick video teaching you exactly what I’d say to handle the prospect’s true concern … their comfort level investing with you …
Click the video below to watch the video now!
My advice to you would be to study the script below so that you’ll be ready to fire when a prospect asks you this one …
<< Private Money Script for Squashing this Objection >>
“I’m newer to this but my mentor has been doing it for many years.
Often times when people ask that question, I’ve found that what they want is to feel comfortable about the investment … one thing that I want to make sure that you understand is that you’re investing in a property … a property that is significantly undervalued. So your security is the property itself.
And you will get a chance to make sure the deal provides you all the comfort needed for you to feel safe and secure. Does that make sense?”
Then, if he or she asked again to speak to some of your investors say …
“I’m in the process of qualifying several lenders at this time to get started with me. So far, I haven’t needed extra funds but I’m coming across so many good deals right now that it’s time to build the team to take advantage of this incredible buyer’s market.
You know, this opportunity is definitely not for everyone so I understand if it’s not for you.”
Let us know how we can help you guys out … put your thoughts, questions, and whatever else is on your mind in the comment area below …
- Patrick & Trevor
NOTE: Since March 2009… our students have reported back (this is only what they’ve reported back to us) over $4.75 million in private money “got” to close their real estate deals. If a few hundred thousand or million bucks to make offers would make a difference hop aboard the “PMBP train” while this buyers market is still here.
Tim Bratz Case Study : Zero to Private Money in Less Than 6 Weeks
by Patrick_Riddle
Filed under Case Studies, Private Money Articles
Several months ago, Tim sent me a message through Facebook. The subject line said, “Patrick Riddle’s Protege: Tim Bratz.”
Check it out …
That’s the kind of attitude I like to see! That’s the kind of attitude that begets success.
5 Reasons I Knew Tim Would Be Successful in Real Estate Investing and Getting Private Money
1) As soon as he learned that I lived in Charleston, he reached out and contacted me . . . showing initiative.
2) He quit his job to focus on real estate investing. Now, this isn’t something that I recommend to anyone BUT, Tim made an unwavering decision to become a real estate investor. It wasn’t simply a hope or wish. He went “All In” and as you’ll see in the video below . . . it’s paying off big time!
3) He recognized that he was at a stand still and that there was a missing ingredient. And that missing ingredient was having a mentor. As Tim said, “Someone who has been there and done that but also someone who I can associate with.”
4) “I’m willing to work for you free of charge.” Now, that clearly shows that Tim knows the value of having a mentor. He’s not one of the many out there that wants something for nothing. Hopefully, you aren’t either. That kind of mindset guarantees failure (and it’s all too prevalent in today’s world).
5) He also mentioned wanting to discuss his goals, being committed to becoming a real estate mogul and that he’ll do anything (ethical and moral) that it takes.
So, I decided to meet with Tim for a cup of coffee and check this kid out (he’s only 24! . . . which I like to see since I started in my early 20’s as well). And what do you know, he ended up being the real deal just like he said.
Shortly thereafter, he closed his first deal, joined the Private Money Blueprint Team, and has gotten private money commitments from multiple people. In other words, he hit the ground running and isn’t looking back.
Check out the video to learn more about his story . . . how he got his start, the frustrations and obstacles he encountered, closing his first deal, getting private money easily, and more.
If you want more great private money videos, subscribe to our youtube channel. Otherwise, you may miss out on a tip or technique that could mean the difference between struggling to finance a deal and having private money lenders beating down your door.
- Patrick & Trevor