How Josh Borcherding Created $5,011/mo In Cash Flow

Posted by  
Filed under Private Money Monthly

On this month’s call, Patrick chats with one of our members, Josh Borcherding, who started investing 3 years
ago… and today, owns 26 units – a mix of small multi-family properties and single family student housing. You’ll learn how Josh and his wife have built this portfolio which now provides $5,011/mo in positive cash flow!

 

… and step-by-step how he closed two of his recent deals.

 

One of which is a 4-plex and you’ll discover the website where Josh found the deal (that you can access for free), his 3-offer approach, how he negotiated seller financing at 5% per annum, and much more!

 

Now, grab a pen and get ready to take some notes!


 

Plus Josh is going to share a postcard that he used to get not 1, not 2, but 3 deals from! … and he only did one mailing!

 

I hope you learn a ton from this training that you can implement in your biz. Join the conversation and add your comments below.

Charity,
Chief Member Experience Gal


The #1 Private Money Objection (And How To Handle It)

I shot a new video to help ya overcome the #1 objection investors face to get private money.

Whether you’re a beginner or seasoned veteran, you have to handle this objection.

I shared this with our attendees at last year’s epic Getting the Money Bootcamp and they loved it!

Enjoy ūüôā

If you have a question, toss it in the comment area.

Let me know how I can help you.

– Patrick

P.S. – Join the conversation and leave a comment before you go. Thanks.


How Part-Time Investor, Tim Ryan, Closed A 42-Unit Deal Using Other People’s Money

Posted by  
Filed under Uncategorized

Hey, I was on the phone with PMBPer, Tim Ryan, and he was telling me about a 42-unit deal worth $3mm bucks he closed the other day.

It’s amazing how far Tim has come since joining forces with us back in May ’09.

A few short months after implementing the PMBP system and processes, he sent me this message…

——

Several months ago I was spinning my wheels trying to close a single family with a bank… earlier this month, I closed on a 16 unit deal, a 2 duplex deal, and another duplex deal REO – with private money. My net monthly cash flow is $2000!

Thanks guys because I know this is just the beginning.

——

Yep, it was just the beginning Tim ūüôā

From spinning his wheels trying to close a single family deal through a bank… to closing multi-million dollar deals.

And get this… Tim hasn’t used one dime of his own money to acquire any of his properties. To finance the 42-unit, he put a simple ad online and got $560k in private money!

I asked Tim if he would be willing to hop on the line for this month’s Private Money Monthly Mastermind Call… and he said “YES!”

Whoohoo!

And not only did Tim¬† share his ad with you that you can swipe and deploy into your business, you’re going to learn:

  • How to get Realtors feeding you “pocket listings” (great deals that other people aren’t finding)
  • Tim’s secret ingredient (it starts with a “P”) to getting private money
  • How he used a pre-payment penalty to his advantage when negotiating the 42-unit deal
  • The unconventional method Tim used to find the PERFECT resident property manager
  • and much more!

He’s even going to share how he found and funded his 2 most recent flips that will conservatively net him $65k.

Take out a pen and pad… and get ready to take some notes.

Enjoy.

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

– Patrick

P.S. – Here’s a pic of Tim with his wife and son outside the new 42-unit deal

Congrats from the entire PMBP family! We’re proud of ya ūüôā


The 7 Rarely Taught Secrets To Getting Private Money

I’ve found is the #1 deciding factor on if two people get the same “private money getting” information… why one can recruit over $1 million in private funds in under 60 days and the other person struggles a year later having no results.

9 times out of 10 it isn’t the “tactics” that are faulty…

… its that they’re focusing too much on the tactics and not the strategy behind what makes successful “private money getters” successful.

In this month’s edition of the Mastermind Call, I go over:

The 7 Rarely Taught Secrets For Getting Private Money

You’re about to learn:

  • the starting point to getting private money is be _ _ _ f¬† (find out in the video below)
  • what types of relationships yield the most private funds
  • why you DON’T need a website to get private money and how by having one some people are sabotaging their “private money getting” efforts (this is a biggie, something we talked about at our “Getting the Money” LIVE! 3 day event last year in Denver… the attendees thanked us for this mental breakthrough)
  • what position the best private money getters put themselves in (those struggling don’t)
  • why being “reluctant” rather than aggressive is best (and how best to get into the reluctant role effectively and easily).

… and some more things in this 100% content training.

This will definitely help some members make the breakthroughs they need.

(note: in my presentation, I accidentally wrote “9” rarely taught secrets on one of the slides)

If you have any questions we can help you with, toss ’em in the comment area.

Happy Private Money Getting!

– Patrick


How To Reverse The Private Money Equation

Hey, I’m coming at you today from my second home, Starbucks ūüėČ

I remember meeting one of my private money lenders here. He overhead me talking on the phone, struck up a conversation, and BOOM!

Not only did he lend me private money, he referred two other people to me who became lenders.

When I got started though, I fumbled and stumbled my way into getting private money,¬†did a lot of things wrong… but tweaked my approach, my¬†technique so that other people would ask me for more info¬†on my private lending opportunities.

I reversed the private money equation!

Instead of selling people on lending me their money, I say and do things in certain ways to get other people asking me to lend me their money.

Wouldn’t that be nice?

Well, it’s pretty darn simple when you implement these two¬†ninja techniques in the videos below…

Good stuff, ehhh?

So what questions do you have? Thoughts?

Join the community here at PMBP and leave a comment before you go.

– Patrick


From $0 to a Million in Private Money in ONLY 26 Days

In this month’s edition of the Private Money Monthly Mastermind Call, we have Platinum PMBPer, Jason Tooley with us… to share his amazing story.

You’re about to learn…

  • The immediate action plan that jump started¬†Jason’s biz
  • Who the perfect private money prospect is who¬†stroked him a check for $425K
  • How he went from 0 to $1 million in private¬†money in ONLY 26 days
  • How Jason stumbled into a 48 unit seller¬†financed deal
  • 2 simple questions that unlocked piles of¬†additional profits
  • How he structured an $8 million dollar package¬†deal with none of his own money… and got two¬†2009 Harley Sportsters thrown into the deal!
  • The critical success factors causing his business¬†to EXPLODE and how to apply the in your biz
  • and much more!

Alrighty, check out the video below…

Leave your thoughts, questions, and comments below.

We’re here for ya.

– Patrick


How To Stop Procrastinating And Start Making Money

Is there something that you know you should do, that you know will move your biz forward… but no matter how hard you try, you just can’t bring yourself to do it?

Maybe it’s…

  • Calling your first seller
  • Making an offer
  • Meeting with a private money prospect

Whatever it is… it’s time to stop procrastinating and start making money!

The “Negative Motivation” Technique

I got an email from one of my Platinum student partners, Heather, a couple days ago who FINALLY was able to stop procrastinating on setting up her first private money appointment. It was the one thing that she knew she needed to do, she knew it was the next step in building her business… but it frightened the heck out of her.

Enter the “negative motivation” technique… which I first learned from Unstoppable Confidence, by Kent Sayre (awesome book btw!).

Here’s how Heather used this technique to break through her fear and get her first appointment…

She attached a “negative motivation” of a monetary fine ($30 bucks paid to her son at the end of every day that she didn’t hit her private money appointment goal)… and that was enough to push her over the edge and set up 4 presentations the first day she implemented this.

Whoohoo!

So, how do you put this to work for you?

  1. what have you been procrastinating on more than anything else?
  2. determine what “negative motivation” you’ll use to force youself into action (doesn’t have to be monetary… could be not being able to watch a big game coming up with your favorite sports team or whatever would motivate you to get off your butt and into action)
  3. get someone to hold you accountable

There ya go… that’s a simple technique that you can implement today… so STOP procrastinating and start making money.

Leave your thoughts, questions, comments below.

Happy Investing!

– Patrick


3 Simple Steps to Your First (or Next) Private Lender

In this month’s Private Money Mastermind Call, you’re going to learn:

  • 7 problems created through an ineffective money-getting process (no worries though… it’s an easy fix)
  • PMBP’s 3 simple steps to your first (or next) private lender
  • Why private lenders back out of deals
  • How to get private money without asking for it, without ever coming across as a salesman
  • The vital private money conversion tool and step-by-step how to use it
  • How to FINALLY get lenders to follow through and fund your deals
  • and much more!

Watch the training below…

Got a question?

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

Now go get some private money!

– Patrick


The “Diagnosis” Technique for Getting Private Money

Alrighty, I have a new video for ya… an advanced private money getting technique.

Just like a doctor diagnoses his or her patients, you should be diagnosing your private money prospects.

In this tutorial, you’ll learn not only “why”… but specifically how to diagnose your prospects and get more private money more easily.

Average investors who try to get private money (key word “try”) don’t do this… which adds to the reason that they’re average.

Check out the video below to learn the “diagnosis” technique…

Makes sense, doesn’t it?

Now that you know the power of the “diagnosis” technique, it’s time to put it to work for you.

Toss your questions, thoughts, whatever is on your mind in the comment area below.

Happy Private Money Getting!

– Patrick


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 ūüôā

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


Next Page »