4 Steps to Harvesting Private Money 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 the 30 second commercial.

If you want to know who the best prospects are for getting private money, check out the article, 4 Types of People Most Likely to Lend You Private Money.

Private Money Getting Tip: 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.

Your job in this step is to get the word out about who you are, what you do, and how others can profit from it!

OK . . . now that interest has been piqued and people want to know more, go for the formal appointment.

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 presenatation 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 commited 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!

2 Most Effective Tools In Getting Private Money While Networking

One of the biggest hurdles we’re seeing from a lot of people is breaking the ice and figuring out how to network effectively to spread the word about your real estate investing business in a way that you don’t come across as a salesman.

Well… Patrick did a quick little video for ya below to explain it for ya.

Enjoy

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PMBP Quickstart Call #2

Hey guys and gals! Our 2nd Quickstart Call was a blast and there were a ton of questions.

Also, we went over how new and experienced invetors alike should tackle the PMBP program… and we revealed again the extra bonus modules we’re giving you that are going to get you where you need to be not only in private money but in your overall real estate business (like analyzing deals, building your buyers list, marketing for sellers, etc.).

Anyhow, enjoy the Quickstart call… and start taking some action!

(update, we’ve already got emails from over a dozen students who got their program just 2 weeks ago who have actually done and put to action what we taught them… and have already secured tens of thousands in private money… one guy locked up a $1,000,000 committment just last week! So, we know the program works… just put it to action).

Oh, one more thing… ya, this program has a lot to it… but in this Quickstart call we tell you how best to tackle it so you’re not overwhelmed. In fact, those students who have already secured private money for their deals have only gone through at most Module 3.  Cool stuff.

Enjoy

Download the Video File To Your Computer <<

Want to download or play the mp3 audio?

REOgoldminer Reviews and Demo – Software To Find REO Properties Automatically

Hey, first of all I’m going to keep this short and sweet because I’m supposed to be going to get meat for a barbecue tonight… but I wanted to get this quick video to you. It’s exactly 5 minutes long.

Anyhow, I kinda waited a bit too long to get this to you… but I finally had time to sit down and film a video showing the inside of the REOgoldminer system (I call it the “google of REO’s).  We got 17 emails from people since Tuesday about this… wanting me to review it… so here it is

I’m not going to write too much about it… the video below talks for itself.

**UPDATE: Since I shot the video REOgoldminer has actually added even more features and has a bigger and better REO database… BUT, also since I’ve done the video… they’ve dropped the monthly price in HALF and added a 14 day free trial so you can try it out. So, I know I say it’s $197/mo in the video… IT’S NOT… it’s half that now.

So, the REOgoldminer guys just updated their system w/ new features… AND they dropped the price to I think around $97/mo… AND… they’re now offering a 14 day FREE TRIAL to the software so you can check it out for free before you commit to anything.

You can use my “cleverly disguised” affiliate link below… if you do I’ve got a cool little bonus for you that I tell you about below.

Go here: –>> REOgoldminer for $0 today (14 day FREE trial)

(affordable monthly fee)

What is REOgoldminer?

• Comprehensive “Direct from Bank” REO property search engine
• Built in comps tools and mapping features
• Can highly customize your property searches
• I found over 300 REOs in less than 15 cities here in Oregon in 20 seconds (30 that were at 60% or more discounts!).
• Direct contact info to the selling agent
• Can set automatic searches so the system does your searches for your each night and just emails you the new properties as they come up so you can get them before everyone else does.

Really… this thing is cool and that’s the reason I’m telling you about it. I could have easily bagged it and went out and got the meat for our bbq rather than doing that video for you.

But, I get so damn many emails every week from people wanting to know how to find REO’s. Well… THIS IS HOW. And, you don’t even have to go out and beat on doors or schmooze w/ agents.

My REOgoldminer Bonus (if you use our affiliate links on this page):

When you use the link below to grab your REOgoldminer account (you have to stay on at least 1 month past your 14 day free trial to qualify for these bonuses), we’ll give you the cool and valuable bonuses below.

• My personal forms package w/ 60+ forms, contracts, templates that myself and my investor friends use in our own real estate businesses. These range all the way from specialized option contracts, to landlording forms, checklists, to promissory notes, to contracts, and on and on. Good stuff. (real value $164.50)
• Our NEW (this one actually works deal analyzing excel spreadsheet software on steroids. This is the same spreadsheet a personal investor friend of mine created and still uses for his full-time wholesaling and rehabbing business where he buys and flips 8-10 houses EVERY MONTH. This is the deal analyzer he uses. It’s got advanced calculations and spits out how much you can pay for the property to make sure you will profit from it. (real value $197)
• Advanced Negotiation Strategies Audio CD where Patrick Riddles (done over 127 deals and he’s only 28 years old) business partner goes into deal on the specific negotiation strategies he uses to get those huge discounts you keep hearing about on properties… and to turn defensive sellers into cooperative sellers. This is HUGE… and Dusty (his name) does all of the negotiation for his company… and this CD you’ll get he goes into his tactics and strategies. (value $97)

Go here to grab REOgoldminer before they stop doing the 14 day free trial… and to get our bonuses (notice how we give you practacle and applicable bonuses… not just crappy reports or something. These are tools you can and will use everyday in your business… the same tools actual investors use everyday to close up to 10 properties a month).

>> Go Here To Find REOs In Your Area For Free Today <<

PMBP Quick Start Call #1

Get ready to be motivated and get moving!

To view the video, simply click the play button below and get ready to take lots of notes.

For just the audio, scroll down past the player and either click Play to listen on your computer or download to your mp3 player.

4 Types of People Most Likely to Lend You Private Money

1. People That Know and Trust You

Credibility that you’ve cultivated through personal relationships is the best place to start when seeking private investors for your real estate deals.

Friends, family, neighbors, work colleagues, people from church, or really anyone that you have built a long term relationship with are good potential prospects. These are the people that regardless of whether or not they have interest or have available funds to invest will be glad to hear you out and give you constructive feedback.

And don’t be too quick to judge someone’s ability to invest with you. That will cost you big if you do. Set up the appointment and present your investment program. Even if they never invest with you, you got some practice presenting to them, you planted another seed, and they may refer someone to you that does have the interest and available funds to get started in your program today.

2. People That Know a Good Deal When They See One

OK, who would fall into this category? . . . anyone that is a real estate related industry will most likely know a good deal when they see one. Seek to network with real estate agents, mortgage brokers, appraisers, attorneys, accountants, home inspectors, bankers, title researchers, other real estate investors, etc.

If you contract a killer deal and show someone that knows what they’re looking at, it’s only a matter of time before you have it financed.

Practice your 30 second commercial, set up the formal appointment, and present your private lending program.

3. People That Know People That Have Invested With You

Yes, I’m talking about referrals. These people have already been presold by someone else that has experience investing with you. Nothing more powerful than that!

Once you sign up a couple private lenders on your team, ask them who they know that may be interested in the program. You can also offer a referral fee or “marketing” fee to get people excited about referring others.

4) People that Are Self Employed or Own businesses

Many of my private lenders are in commission based jobs where they get paid based on results or own businesses themselves.

These people are not afraid to take risks, don’t rely on other people to do everything for them (like making investment decisions), and are actively on the look out for that next opportunity.

And best of all, these are typically the kind of people that are at all the networking events around town. People that know that the harder they work, the bigger network they create, the more oppotunities that they take advantage of . . . the faster they are going to achieve their dreams and be where they want to be.

How To Build Your Buyers List To 500+ In 30 Days

One of the big questions from newer investors is… “I have all of these deals… but I can’t sell the properties”.

Well… the solution is to build a buyers list (which is easy as heck) so whenever you have a deal you have a built in list of people who are ready and willing to buy properties… to buy your properties… and to put the cash in your pocket.

Here is a workshop that I did recently for my private “REI Brain Members” on the advanced techniques to building a buyers list.  It’s a very detailed and in-depth workshop… after this once you implement the steps and the strategies you’ll be able to build a buyers list of 500+ within 30 days WHEN you put it to action.

Enjoy

(Click the play button to get started. The workshop is about 2 hours w/ specific action steps and resources)

Also, you can watch the full video in a larger format over at my site… and there are a few other resources from this workshop over at my site at through the link below.

More Buyers List Stuff From This Workshop And The Larger Video Format

Also, you can watch the full video in a larger format over at my site… and there are a few other resources from this workshop over at my site at through the link below.

More Buyers List Stuff From This Workshop And The Larger Video Format