How to Use the PMBP System in Canada

Alrighty, if you’re a Canadian PMBPer, we have a special bonus tutorial for you 🙂

We brought on a couple of our members – Julie Broad and Dave Peniuk – who used the PMBP system to acquire $2.5 million in Canadian real estate in 2010… and they’re going to show you…

• How using the PMBP system applies in Canada
• The lingo… Canadian terminology in real estate and private money
• The Canadian mindset (VERY different than US)
• The BIGGEST difference between the PMBP system and getting private money in Canada
• What you need to know about the docs
• What about the SEC?
• What an RRSP is… and how to borrow from ’em
• and much more!

Enjoy…

If you have any questions, toss ’em in the comment area.

– Patrick

P.S. – BIG thanks for Julie and Dave for sharing how to use the PMBP system in Canada. Make sure to head over and check out their website, RevNYou. They provide some great REI training and resources.

P.P.S. – Also, they were nice enough to let us give you a copy of some of the docs they used in a recent private lending transaction (they whited out the names and addresses of the parties involved). Check ’em out…

Sample Mortgage Direction & Undertaking Doc

Sample Mortgage Doc

Sample Certificate of Disclosure Doc

**These forms are for reference only. Treat your real estate business like any real business and consult with an attorney before implementing what you’ve learned or using any of the tools or resources provided.

How to Become a Private Money Magnet

By becoming a private money magnet, you get private money easily, almost effortlessly… while other investors struggle and fail.

In this month’s Private Money Mastermind Call, I share (for the first time ever) this “inside” private money getting info.

You’re going to learn:

• The last thing you EVER want to appear like… this literally REPELS private money
• Why you should be “diagnosing” your private money prospects (and how)
• How to shift the balance of power… once you do this getting private money becomes EASY
• How to use the “Authority Sale” to attract private money
• 7 private money magnetism strategies to get private lenders to fork over their cash fund fund your deals
• and much more!

Watch the “How to Become a Private Money Magnet” training below…

Hope you enjoyed 🙂

If you have any questions or if we can help you in any way, let us know.

We’re here for you 100%.

Happy private money getting!

– Patrick

Insider Interview – 49 Unit Apartment Deal Case Study

If you’re interested in getting into commercial real estate… and using private money to do so, this “Insider Interview” is for you.

PMBP members, Gene Kinzer and Ron Rasmussen, did a 49 unit apartment deal last year with none of their own money… and created a great cash flow investment with $1 million in equity.

Imagine doing just one deal and adding a cool mil to your net worth. Wouldn’t that be nice? 🙂

Well, that’s exactly what Gene and Ron did which is why I had to get them on the line to break down this deal into a case study… to walk you through step-by-step how they found the deal (they actually found it online and share the website with you), the negotiation, how the deal was structured, where and how they got private money to fund it, how a HUGE obstacle right before closing turned into an opportunity, and much  more.

Check out this email (our favorite kind of emails from members… RESULTS!) they sent Trevor, one of our PMBP faculty members, about the deal…

As you can see, real world people doing BIG deals in today’s market… with other people’s money. Beautiful.

Alrighty, here’s your insider interview…

Bravo guys!

Thanks Gene and Ron for sharing so much info and resources!

Head over to their website, Financial Freedom Holdings, and check out some of their projects.

If you have any questions, toss ’em in the comment area below.

Happy Investing!

– Patrick

Watch Me Find Private Lenders Online (plus much more!)

In this month’s edition of the Private Money Mastermind Call, you’ll learn:

• How 3 PMBP students got $1.6 Million in private money since last year… to fund 12 deals (including a 49 unit apartment building with a cool mil in equity)
• 15 different places to find private money
• The easiest and fastest way to find private money
• How to follow the “private lender trail”
• How to instantly find active private lenders online (watch me find real private lenders right before your eyes)
• How to build your list of private lenders in less than 30 minutes
• Plus much more

Check it out below…

Put your thoughts and questions in the comment area below.

Let us know how we can help ya 🙂

– Patrick

Head of the PMBP Faculty

Private Money Mastermind Call – Building Your Foundation of Success

In module 1 of our full Private Money Blueprint system, we help you lay your foundation of success in your real estate investing business.

Without this foundation, all the private money and real estate investing techniques in the world won’t help you.

In this month’s addition of the Private Money Monthly Mastermind Call, I’ve adapted the content from Module 1 to build you a rock solid foundation… so that you’re ready to this the fast track towards getting private money for your deals.

Here’s what you’re about to learn:

• A study of Harvard MBA graduates that will blow your mind and change how you “plan” your life and business forever
• How to put your goals on steroids and get what you want easier and faster
• The REI Litmus Test ( this will ensure that you’re focused on the right investment strategy based on your life and biz goals)
• A resource for creating your business plan from scratch
• And much more!

Plus your going to get a downloadable template that only our full PMBP members have previously had access to.

Check out the Mastermind Call below…

Hope you enjoyed 🙂

Let us know if you have any questions… or if we can help you with anything.

Happy Private Money Getting!

– Patrick

Insider Interview with Full Time Investor and Entrepreneur Justin Lee

I was fortunate to get investor and entrepreneur, Justin Lee, on the line recently to see what’s working in his biz in today’s market.

Here’s a little info on Justin:

• Full time real estate investor since 2003
• Made over $27,000 on his first deal
• Has invested in 3 major markets around the U.S. – Washington, DC, Bellingham, WA, and San Diego, CA
• Runs and operates several different real estate and marketing companies
• Founder of SaveMeFromForeclosure.com

A year ago, he and his family (wife and two little ones) decided to pick up and move to San Diego.

Imagine being totally in control of your life, being able to move wherever you want, when you want… like Justin.

In this “Insider Interview”, we dig in deep to show you the exact marketing strategies he uses to find great deals, how Justin gets and structures his private money loans, and much more.

This is actionable training that you can take and immediately implement in your biz and life.

Enjoy 🙂

Alrighty…

… thanks for joining us for this month’s “Insider Interview”.

Also, we’re on the lookout for more real world investors who are kicking butt in today’s market and are using private money to make it happen.

If that’s you, shoot an email in to our support at support [at] privatemoneyblueprint [dot] com. We’d love for you to be our next “Insider Interview”.

– Patrick

P.S. – Around the 24 min mark, Justin shares an awesome negotiating technique to get seller financing. Make sure you check that out.

How to Get What You REALLY Want in Your Life & Biz

In the first module of our full Private Money Blueprint System, we help you build a rock solid foundation in your REI biz first… so that you’re ready to take the market by storm.

Without this “foundation”,  all the private money and real estate investing techniques and strategies in the world won’t help you.

Part of this process includes planning exactly what you want in the 8 core areas of your life, taking what we call, The REI Litmus Test (which tells you which investment strategies are best for you based on what you want in each core area), creating your biz plan, among other things.

In this tutorial, you’ll learn what those 8 core areas are, why it’s vitally important to know what you want in these areas, and I’m going to share tips to put your new goals on steroids (so you achieve them faster and easier)…

8 Core Areas in Life – How to Get What You REALLY Want

When you know where you’re headed (in other words, when you know exactly what you want), you can start taking educated action towards it.

Why You MUST Decide (and Plan) What You Want in Life & Biz

Think about it…

You want to go on a vacation. What’s the first thing you need to do?

Decide where you want to go.

ONLY then, can you move forward with the steps necessary to make that vacation happen.

Once you know where you’re going, you can plan your travel, your accommodations, what you’re gonna do once you get there, take the needed time off from your job, etc.

================ RECOMMENDED =======================================
4 “Private Money Getting” Trainings – We’re always out to provide better and better value to our members. Well… this time around we packaged 4 trainings and resources out of our Private Money Monthly program (that people pay $67 or more for every day)… and you can get them today for pennies on the dollar just for taking a test drive in our Private Money Monthly program. These 4 trainings are valued at almost $600!  Check it out while it’s still up <<

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Make sense?

Well, it’s the same way with anything, and I mean ANYTHING you want in life.

If you don’t plan what you want in every core area of your life, you’ll never get it.

Action Step: Set aside 1 hour right now… write down (this is key… you absolutely MUST write down them down) 3 goals in each core area. It’s best to have both short term and long term goals.

How to Put Your Goals on Steroids

Here are a few tips that will put you on the fast track to getting what you want in your life and in your REI biz…

1) Stated in the Positive

Your goals should be what you want, NOT what you don’t want.

2) Personal

You have to want it. Not what your parents want for you or your spouse or friends. For the goal to be effective, it must be something that you want.

3) Specific (Result & Time Frame)

This is critical. the result must be quantifiable, and a time frame established. Otherwise, it’s simply a wish, a hope.

Here’s an example of a goal that meets each of the three characteristics thus far (assuming you want private money for your deals):

“It is X-Date, and I closed my first deal with a $125,000 private money loan.”

4) Experience it in Your Mind

If you can’t see it in your mind, you won’t see it in reality. That’s how the world works.

How do you think the property you live in was built?

… it was first an idea in someone’s mind.

Ask yourself, “What do I see, hear, and feel having accomplished my goals?”

What do you look like? How do you feel? What are you saying to yourself? What are others saying to you?

The more you experience your goals as achieved in your mind, the faster you’ll achieve them in your life.

Leave your thoughts, questions, and comments below.  I’d love to hear from ya 🙂

– Patrick

================ RECOMMENDED =======================================
4 “Private Money Getting” Trainings – We’re always out to provide better and better value to our members. Well… this time around we packaged 4 trainings and resources out of our Private Money Monthly program (that people pay $67 or more for every day)… and you can get them today for pennies on the dollar just for taking a test drive in our Private Money Monthly program. These 4 trainings are valued at almost $600! Check it out while it’s still up <<

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How To Stay SEC Compliant When Getting Private Money

In the end, the SEC wants a few things and has one single mission.

The SEC Mission (in my words… not theirs): To protect the end consumer/investor from fraud, deceit, and dishonest investment practices .

In a moment, I’m going to share a few tips to help you stay SEC compliant when getting private money… BUT, this is not to be taken as legal advice and is no substitute for legal advice.

Treat your real estate investing business like a true *business* and get your legal bases covered… have an attorney on your team advise you based on your specific business model and the area you’re doing business.

Also, keep in mind that the SEC is nothing to be scared of… some real estate investors use the SEC as an “excuse” for not getting private money… and there’s no need for that.

Simply get educated and get good legal advice.

3 SEC Compliance Tips | Private Money

1) Only present investment opportunities to people who you have a relationship with (i.e. – get to know your prospects before you start offering your private lending opportunities).

This makes complete sense and truthfully… is in your best interest to do so anyway.

A private lender is essentially “going into business” with you on a particular deal. You want to make sure you get to know them, and vice versa before they put up their hard earned money with you and your company.

2) Be honest and upfront with the way you represent yourself, your company, and your investments… and fully disclose all risks and details of what your private lenders will be investing in.

This boils down to basic…

“Do unto others as you’d like others to do unto you”.

Some people feel like they need to hide certain bits of information from their private lenders about the risks of a deal.

DON’T!

Your lenders will appreciate you for being upfront and the SEC requires that you fully disclose any risks of the investment, what you’re going to do with the funds, and the details of the investment.

3) Protect the investor (your private lender) at all costs… including that the investor has the financial means to invest their funds in these types of “non-traditional” investments.

So for example…

… don’t bring in a private lender who makes $30,000 and is investing their last $20,000 with you.

Make sense?

Alrighty, that does it for today…

If you’re interested in additional educational training & tools to help you stay 100% SEC compliant, click below…

>>SEC Attorney Interview & Private Money Disclosure Docs <<

If you have any comments or questions, toss ’em in the comment area.

Happy Investing!

– Patrick

How to Structure Private Money Loans

There are two primary ways that private money loans are structured… as an equity or debt investment.

Private Money Loan Structuring – Equity vs. Debt

With an equity investment, you’re giving your private lender a portion of the ownership in the property. What portion? It’s up to you. But, I’ll give you an example from one of our students below.

With a debt investment, your private lender is paid a specific rate of return. This is how I’ve structured most of my private money loans. Why? Because most of the time, it’s more profitable. And by retaining 100% ownership of the property, you remain in full control.

Neither structure is right or wrong… just different.

How PMBP Student Justin Wilmot Structures Loans

Justin Wilmot, one of our students kicking serious butt in the Florida market (he’s done more than a dozen deals in the last year since getting started), structures all of his deals straight 50/50 partnership with his private lender.

So, he chose the equity investment route.

… and he never has to worry about financing again.

He brought in one private lender with deep pockets and started doing deal splits. It worked out great for him and his lender so they decided to go into business together.

With cash to close deals at Justin’s disposal, he simply focuses on finding and closing great deals.

How PMBP Student Rob Russell Structures Loans

Rob Russell, one of our Platinum students in Oregon, structures his loans completely different. He chose to go the debt route.

He offers anywhere from 5 to 10% interest per annum and consistently gets private money on the low end of that range. Whoohoo!

Rob shared a cool story about a “Loaded Dentist” recently who contacted him through his PMBP website. After chatting a couple times and meeting, he had a commitment for private money at 7% per annum… no fees, no points, no hoops, no B.S.

Also, you may be wondering…

How Does Your Private Money Lender Get Paid?

It’s negotiable.

Do whatever makes sense based on your deals, your business model.

If you’re doing long term private loans (anything over a year), maybe you distribute the interest earned or profits over time… through monthly, quarterly, or annual distributions.

For short term loans, you could let it accrue until you cash it out.

It’s up to you to determine.

Got a comment or question?

Toss it into the comment area… let us know how we can help.

– Patrick

P.S. – In our full Private Money Blueprint system, module 4 is called The Nuts and Bolts: The Essentials and Specific Steps to Every Private Money Transaction. We cover – step by step – exactly how to close a transaction and give you all the paperwork… and that’s just one small component of our overall private money getting system.

P.P.S. – Need some inspiration? Check this out 🙂

Private Money Mastermind Call – Avoid These Costly Mistakes

I’ve learned some tough lessons from mistakes I’ve made investing in real estate. Mistakes that cost me big time financially, mentally, and emotionally.

It’s important to keep in mind that everyone, EVERYONE makes mistakes… doesn’t matter if you’re brand new to real estate investing or if you’re a seasoned veteran.

BUT, it’s how you respond, how you react, what you learn… that makes the difference.

In real estate investing, when things go south, it can mean broken agreements, payments falling behind, liens, judgments, foreclosure, bankruptcy.

You’re undoubtedly heard many stories of hardship over the last few years… from huge multi-million and billion dollar real estate investment companies, developers, banks, mortgage companies…

… but regardless of the adversity faced, there are KEY lessons to be learned and leveraged into your next deal, your business, your personal life.

In this month’s edition of the PMM Mastermind Call, I go in-depth explaining the BIG mistakes I’ve made, how I’ve responded, how I’ve weathered the storm…

You’re about to learn:

• How I created a cash flow nightmare
• How $847K in cash disappeared in only 3 months
• The hardest and smartest thing I’ve ever done in business
• How I successfully renegotiated millions of dollars in private money loans
• 7 key lessons learned from the REI trenches
• and more

You know, most people are scared to admit their mistakes. And I used to be the same way. But, I realized the huge benefits that I can provide other investors by opening up and sharing the tough times I’ve been through.

My hope is that you can experience these through me, learn from them, and avoid them in your own business and life.

This is a very personal tutorial… I hope you enjoy.

(it may take it a min for the video to load… please be patient 🙂

Take these lessons and apply them in your business, your life.

… and if you’re going through difficult times yourself, let me know. I’m here to help in any way I can.

I mean it.

– Patrick

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