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

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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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

3 Steps to Your First Private Money Appointment (plus free script)

No matter where you get a private money lead from – your “warm” contacts, networking, public records – the first major step is getting an appointment.

In that appointment, use the private lender PowerPoint presentation to…

• Educate the prospect on your business model and niche
• Explain why it makes sense to invest in real estate and why you borrow from private individuals
• Handle questions and objections
• Find out your prospect’s investment experience, what return is expected from a good investment, the range of funds available… ultimately, find out your prospect’s needs and goals

The presentation does all of this for you. All you have to do is customize it to suit your business.

After the appointment, follow up with your prospects and pass deals by them that meet their needs and goals.

Now that you understand the process and the presentation, it’s time to get your first appointment.

3 Steps to Get Your First Private Money Appointment

1)  Do NOT Disqualify Anyone

This is very important… one of the biggest mistakes you can make is to disqualify someone because you don’t think they would be interested or because you don’t think they have available investment funds.

At this stage in the game, you’re just looking for practice; you’re looking to plants seeds and spread the word that you’re both a real estate investor and that you have good investment opportunities.

2) Make Your List

Pull out a sheet of paper. Now, write down the first 5 people that come to mind who you could set up an appointment with from your “warm” contacts – people you have a personal relationship with.

And remember, do NOT disqualify anyone.

Could be your brother, sister, cousin, mom, dad, best friend, neighbor, someone you went to high school with, someone from college, someone you work with, son, daughter, another investor, someone you met at REIA, church, rotary, your boss, aunt, uncle, social media friends, insurance agent, Realtor, mortgage broker.

Write down the first 5 people that come to mind. Do it NOW!

3) Make The Call

Alrighty, time to set up your first appointment…

It’s going to be a heck of a lot easier than you think… and using the script below, the meeting you set up will have absolutely zero “sales pressure”.

So, you and your prospect will enter the meeting comfortable and at ease.

Here’s your script to get your first appointment:

Hey <Prospect>,

Did I catch you at a bad time?

Great.

I’ve been getting into real estate investing and have a new presentation on my business. I would really appreciate it if you would help me out and let me show it to you sometime.

I value your opinion and would love some good constructive feedback from you. I’m not selling anything.

Could you help me out with this? It’ll only take 30 or 45 minutes.

Thanks, I really appreciate it.

When would be a good time for us to get together? Where would you like to meet?

Sounds great.

See you soon.

With this script, we’re setting up the appointment based on getting the prospects honest opinion and feedback. So, there’s no pressure. By asking for “help”, we’re bringing in a powerful ingrained human need… the need to reach out and assist others who ask for help.

Many times, half way through the presentation, the prospect will look up at you and say, “You know. I may be interested in this.”

Now you’ve made it the prospect’s idea that their interested in your private lending opportunities… and that’s the most powerful way to sell anything.

And even if the prospect isn’t interested right now, you got practice, you planted a seed (that could come to harvest down the road), and you took action towards your goals…. to get private money for your deals.

Use your first appointment as momentum to set up 5 more. Once you start consistently meeting with prospects and following up with specific deals, it’s only a matter of time.

Now, go get your first appointment.

– Patrick

P.S. – Got a comment or question? Toss it in the comment area and let us know how we can help 🙂

Are You Using These Contract Clauses When Wholesaling Real Estate?

The quickest way to make money investing in real estate is wholesaling.

Basically, you find a great deal, get the property under contract, and assign the contract to a buyer.

That’s it!

… and often times you can walk away with $3k, $5K or even more (in the video below I show you a check for $6,700 from one of my more recent wholesale deals).

And you can do this…

– Without cash

– Without good credit

– Without ever owning the property

– With virtually no risk

Pretty cool, ehhh?

Well, having the right clauses built into your contract can make or break a deal.

So, I decided to shoot a quick video and outline some clauses that you want to make sure you have in your contract when wholesaling real estate.

If you’re new to real estate investing and don’t have any contracts, I have a great resource for ya… more on that in a min.

Check out the video below now…

As I mentioned at the end of the video, we came across a great resource that you may want to check out…

It’s the best darn software I’ve seen for auto-filling your contracts… and for right now, you can grab it for free. Plus you get 9 contracts with it – a purchase and sale agreement to use when buying and one for selling, an option agreement to use when buying and one for selling, an assignment contract, and more.

>>> Grab Your Contracts & Auto-Fill Software HERE While It’s Available for FREE<<<

My favorite thing about it…

I can even upload MY contracts into it and auto-fill ’em, and either email or print ’em out. A great time saver!

Anyway, thought you’d enjoy these wholesaling clauses and free tools.

Happy Investing!

– Patrick

P.S. – Got something on your mind? A question. A thought. A tip. Leave it in the comment area before you go.

Private Money Mastermind Call – Real World Results, Your Questions Answered

In this addition of the Private Money Mastermind Call, I wanted to prove to you that not only is it possible for real estate investors to get private money… it’s possible for YOU to get private money.

I walk you through several stories about regular guys and gals across the country that are funding their deals in today’s market with private money. Many times, when you see other people doing what it is you want to do, that can be just what you need to push yourselves towards your goals.

Then, we dive in to a Q & A to get answers to your questions.

Check out the Private Money Mastermind Call below…

 

 

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

– Patrick

P-Rid’s Private Money Millions Series: The Secret Sauce to Get to “YES!”

Hola Amigos!

P-Rid here to deliver the 3rd and final Part, The Secret Sauce to Get to “YES!”, in the Private Money Millions Series.

Have you been spreading the word about your private money lending program, presenting great deals to your prospects, following up with them… AND still NO private money?

If so, you’re probably just missing one of the essential ingredients to the private money getting recipe …

I call it, “The Secret Sauce.”

How does a private money prospect go from being on the fence, from giving you another “no thanks” to enthusiastically saying, “YES, I want to fund your deal!”?

Do you think it’s … something you say, something you do?

What is the Secret Sauce to Get to “YES!”?

Here’s a clue from renowned persuasion expert, Robert Cialdini …

“Human beings have been hard-wired to want what is going away. And far more people are motivated by the thought of potential loss than potential gain.”

– Influence: The psychology of Persuasion by Robert Cialdini

So, in other words, people assign greater value to opportunities that are less available. When something becomes scarce, there’s an inner urge that compels people to action.

That’s the principle of scarcity in action; that’s the secret sauce!

Has your private money getting recipe been missing this vital ingredient?

How to Add the Secret Sauce to Your Private Money Getting Recipe

Here are a few examples how to employ the principle of scarcity to get your private money prospects to “YES!”

“We’re only looking to bring in a few (probably less than 5) highly qualified private investors into our company.”

“We’ll have an investor lined up to fund this deal by next Monday. So, if you’re interested, you’ll definitely need to act fast.”

“I have another investor interested in this lending opportunity, but I thought of you, and wanted to give you the first shot at it.”

In the example’s above, you’ll find that two primary motivating factors are at work …

1. Limited Number
2. A Deadline

What other ways can you add in the secret sauce in your private money getting? What other areas of your real estate investing business can you sprinkle in this needed ingredient to get more “YESES!”?

Put your thoughts, ideas, questions, and comments below. We would love to hear from ya..

Well, hope you guys and gals have enjoyed the Private Money Millions series.

Adiós and Happy Private Money Getting!

~ P-Rid

One of My Favorite Real Estate Investing Strategies

You’re about to learn the ins and outs to one of my absolute FAVORITE real estate investing strategies. This was one of the first strategies I learned when I got started in real estate… and has been responsible for hundreds of thousands of dollars in additional profits.

With this REI strategy, you can:

• Implement on both the buy and sell sides of the biz (and even in between) to make big money
• Get 100% control of real estate with NONE of your own resources
• Profit from real estate without ever owning it with ZERO risk
• Fill your properties with someone with an entirely different mindset than a tenant (often times they’ll even improve your property for you)
• and MUCH MORE!

Not only are you gonna learn exactly what this strategy is and how to use it… but I’m gonna share my secret $25,000 purchase price clause to use when implementing this strategy on the sell side of your biz.

So, without further ado, watch the video below now! (also, make sure to watch the entire video… there’s some info near the end you don’t want to miss)

>> REGISTER FOR OUR FREE WEBINAR ON LEASE OPTIONS HERE <<

Join us for a free Lease Options Training this Thursday, 9/30 at 6pm PST (9pm EST).

Alrighty, that does if for today.

Before you go, give us some feedback in the comment area… your thoughts and questions are welcome.

Catch you later,

– Patrick

P.S. – Keep an eye out for our next (much more in-depth) training on lease options coming soon. This is gonna be GOOD stuff!

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