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

Here’s Proof YOU Can Get Private Money…

In order to get private money for your deals, there’s something that you MUST have first, prior to learning the specific techniques and strategies.

You must believe that it’s possible to get private money.

But, that’s not all.

You must also believe that it’s not only possible for one to get private money, you must believe that YOU can get it.

So, my goal today is to instill in you, the rock solid belief that you can do this. You can get private money for your real estate deals… even in today’s market, regardless of your current financial condition, regardless of who you know, regardless of what color you are or where you’re from.

… and I’m going to do this by sharing some of our students results.

Below is a small collection of unsolicited emails, Facebook messages, and other online posts from real world people – just like you and me – who applied the Private Money Blueprint and our other training programs… and their businesses and lives will never be the same.

Here’s what a few of our PMBPers had to say…

Enjoy and believe!

Here are a couple Facebook updates from PMBP Platinum student Rob Russell…

This is Shannon (aka Shae) Bynes – PMBPer from our original pilot program…

My friend, JP Moses, did a post over on his blog where he asked readers what their favorite training programs are and here’s another comment from Shae…

And here are a two emails from Private Money on Demand students…

The first pic below is an email from PMBPer, Eric Blow, with an update on his private money getting progress… then a chat message showing how much moolah he’s going to make from his first rehab (a cool $25,000 bucks)…

Gotta love this next one!

Justin Wilmot – surfer dude turned real estate investor – bought and sold 4 more deals, has 3 more under construction… AND sold his boat detailing biz to move full time into real estate investing. Nice!

Check this one out… guess PMBP works even in the Philippines…

Well, as you can see, it doesn’t get much more “real” than this.

Are you inspired yet?

People all across the country, all across the world, people of all shapes and sizes are getting private money to fund their real estate deals.

Therefore, you can too. It’s that simple.

But, it all starts with a belief, a knowing that it’s possible AND that you can do it!

So, go get some private money and turn it into cash profits.

You can do it!

– Patrick

Note: These results are not typical. Most people don’t take any action… therefore get no private money and never make any profits from investing in real estate.

Just don’t be the guy or gal that says it doesn’t work… wrong answer.

Most investors fail because they don’t take consistent determined action, because they look for anyone or anything to blame for their lack of positive results, because they “gave it a try”, because they want something for nothing.

Sorry, but the world doesn’t work that way and neither does real estate investing.

There is no “magic” bullet.

You must work smart and hard to become successful… just like Ben, Christina, Eileen, Frank, Lui, Rob, Shae, Tammy, Doug, Nick, Eric, Justin, Brittany, Larry, and all the other PMBPers kicking serious butt in today’s market.

If you’re interested in joining forces with Private Money Blueprint, you can check out more info below…

The Private Money Blueprint System – This is 100% of everything I know and use to get private money… all the forms, tools, resources, marketing templates, website, and full support.

The Private Money on Demand Training Program – This teaches specifically one technique for getting private money… how to find active private lenders in your local market at a moment’s notice through public records.

Private Money Monthly Insider Interview w/ Wil Christenson

Yo Private Money Monthly (PMM) Members,

Each and every month, you’re gonna get access to an “Insider Interview” where I go behind the scenes with a real world real estate investor who is killin’ it in today’s market.

This month, we’ve got Wil Christenson with us.

To give you a small glimpse into Wil’s life, he…

– works for himself… and has been for over 6 years

– does what he wants, when he wants

– easily gets private money for his deals

– cashes five-figure checks from his real estate deals like clockwork

– and loves every minute of it!

Grab your pen and pad and get ready to take notes. Here’s your PMM Insider Interview…

Congrats on your successes Wil!

… and thanks for sharing those awesome tips with us. We appreciate it.

Talk soon,

Patrick

… aka P-Rid

P.S. – How can we help you? Leave your comments, questions, and feedback in the comment area before ya go.

Private Money 101: A Crash Course in Private Money

Before we dive right in, answer these questions for me …

= > “Are you frustrated because you can’t get your hands on the cash you need for your real estate deals?”

= > “Are you scared to make an offer for fear that it will get accepted?”

= > “Have you ever lost a great deal because you didn’t have cash to close it?”

= > “Is a lack of financing killing your real estate investing dreams?”

If you answered “yes,” to any of the questions above, then private money may be THE solution for you.

To find out, let’s take a quick crash course in private money … aka Private Money 101.

What is private money?

Private money is cash from an individual that is lent to you, the real estate investor, rather than being invested traditionally through stocks, bonds, mutual funds. When you think about private money, think investment funds from an individual … any individual.

Is private money the same as hard money?

Far from it!

Hard money lenders finance deals for real estate investors as a business. They lend to investors based on the property, not necessarily based on the person. The hard money lender dictates the terms of the deal to you, the investor.

A typical hard money loan has high interest, points, and is short term. For instance, I purchased my second deal with a hard money loan. I was charged 15% interest, five points (or 5% of the loan balance), and had a term of six months to repay the loan in full.

Do you see why they call it “hard” money?

On the other hand, with private money, you dictate the terms of the loan to your private money lender. Based on the deal and your business model, you offer terms that suit your needs and provide a good return for your private lender. A typical private money loan could have 6% to 10% interest, no points, and a term that suits your exit strategy.

What type of properties can you buy with private money?

The primary niche for my real estate investing business is single family homes. But, single family homes are not the only type of property you can buy with private money.

Trevor only buys apartment buildings. He has been investing for several years now and has accumulated a nice portfolio. Each property cash flows well, is managed by a professional property management company, and is in or near his local market.

And how do you think he finances every one of his purchases?

You guessed it … Private Money!

Any great real estate investing deal can be financed with private money; it doesn’t matter if it is a house, condo, townhouse, apartment building, skyscraper, or beach front home.

Do you have to do lender luncheons to get private money?

One of the popular methods taught to get private money is to host a lender luncheon. You would be required to rent a facility, advertise to fill the room, and you would present your private lending program in front of the audience. While I believe this to be a good strategy for some, hosting a lender luncheon is not a viable strategy for most.

Why you might ask?

The number one fear in our country is public speaking. And you know what is number two … death! Most people would rather die that speak in front of an audience. Even if it was easy to get private money by hosting a lender luncheon, the majority of people would not do it.

So the question still remains, “Are lender luncheons required to get private money?”

Luckily for you, the answer is “no.”

I actually found that it is easier to get private money by presenting your investment program to prospects one on one. Plus, you don’t have to spend money to rent a room at a restaurant or hotel, pay for marketing costs, deal with the anxiety of presenting in front of an audience, etc. etc.

What types of people are the best private money prospects?

The first type is people who know and trust you. This could be a family member, long time friend, neighbor, someone from church or school . . . really anyone that you have built a long term relationship with could be a good source for private money.

The second is people who know a good deal when they see one. Anyone who works in a field related to the real estate industry could fit in this category. Examples would be real estate agents, mortgage brokers, bankers, appraisers, home inspectors, attorneys, accountants.

And yet another type most likely to lend to you is the best source of all . . . people who know someone who has invested with you. Or, in other words, referrals! Once you get your private lender base established, ask them who they know that would also like to make a good solid rate of return backed by real estate.

Would my local real estate investing association (REIA) be a good place to find private money?

Yes, it would!

REIA meetings are filled with people who have heard real estate investing is lucrative, want to make money doing it, but do not have the time, energy, motivation, or know how to do it themselves. That’s where your private lending program comes in …

You offer a hands off real estate investment with a good return. Your private lender gets to “invest” in real estate without having to deal with the hassles that come with owning property like repairs, managing contractors, dealing with tenants, and other general property management duties. All they have to do is stroke you a check.

People who attend REIA meetings are already sold on real estate investing, all you have to do is sell them on lending against one of your deals.

How do you convince someone to lend you private money?

You don’t!

That is coming from the wrong mindset. You’re not out to “convince” anyone to lend money to you. Your goal is to educate people about your investment opportunities. If someone is interested, great. If someone is not, next.

Class adjourned. That’s it for your crash course, Private Money 101.

If you have any questions, comments, or additional tips, throw ’em in the comment area.

Happy Private Money Getting!

– Patrick & Trevor

Why Private Lenders Say “No” And What To Do About It

So, you’re meeting w/ a private money lending prospect. Let’s call him Joe Lender.

You find out that Joe is currently getting a 3% return on his investments. You offer him 6%… and he says “No.”

Why would he say “No” when he could DOUBLE his current return by simply lending you private money?

And more importantly, how do you get Joe to change his mind?

Watch the video below to learn how…

Alrighty, time to take action on what you’ve learned… because action is the big differentiator between success and failure.

… and don’t take my word for it. They all agree.

“Action is the real measure of intelligence.” – Napoleon Hill

“Everything you want is out there waiting for you…Everything you want also wants you. But you have to take action to get it.” – Jules Renard

“The path to success is to take massive, determined action.” – Tony Robbins

Happy Private Money Getting!

– Patrick

… aka P-Rid

P.S. – Be a giver. Leave a comment before you go and give your feedback, opinion, thanks, whatever comes to mind. We LOVE hearing from you guys and gals 🙂

Michael Mackay + Private Money Blueprint + One Week = $1.25 Million in Funds Raised

For me, the most gratifying part of being a teaching faculty member at Private Money Blueprint is hearing success stories from students.

And what a success story this is!

Michael Mackay sent us this email update only a week after plugging into the PMBP System…

Sounds like a plan Michael!

See ya at the top 🙂

– Patrick

… aka P-Rid

P.S. Are you interested in easily getting private money for your deals? If so, check out the Blueprint. It’s a step-by-step money-getting system that allows you to simply focus on closing deals and making cash profits.

** These private money results are not typical. The “average” person doesn’t take any action, and therefore, gets no private money.

Tim Bratz – Getting Private Money Through the Internet, Closing Deals, & Making Cash Profits

When you use the right tools and techniques, getting private money is easy.

Sound hard to believe?

Well, then listen close because you’re about to discover the reality… that private money is indeed easy to get, and it’s available to you right now (whether you’ve known it or not).

Take Tim Bratz for instance…

Tim’s a 25 year old kid who didn’t like the idea of having a boss, working towards someone else’s dreams, doing the 9 to 5 thing.

Can you relate?

Tim decided to become a real estate investor and join the Private Money Blueprint Team.

I chat w/ Tim regularly on Facebook (and many of our other PMBP students). Check out the message he sent me below…

Isn’t that incredible!?

Tim said, “… he looked at my website & was interested in lending private money.”

With the right tools and systems, getting private money is easy.

Check out the newest update Tim just sent me last week…

Bravo Tim! Congrats on your success with PMBP!

If you like the idea of walking away from closing with cash flowing properties, putting $6K in your pocket, and using none of your own cash or credit, you may want to check out the Private Money Blueprint Training System.

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

– Patrick

… aka P-Rid

** These private money results are not typical. The “average” person doesn’t take any action, and therefore, gets no private money.

How to Save Time, Make More Money, and Have More Fun

You’re About to Discover…

9 time-saving, money-making tips to help you get more done in less time… so you can have more fun and make more money.

How many of you like that concept?

Well, that’s EXACTLY what will happen when you implement these tips.

I’ve borrowed many of these from Dan Kennedy and his phenomenal book, No BS Time Management for Entrepreneurs. Get the book, consume it, live it.

Watch the tutorial below now…

How Shae Bynes Scored 3 Private Money Lenders in 49 Days

Shae Bynes, of Good Faith Investing, has created what we like to call, “Private Money Momentum”. And it’s a beautiful thing!

It ‘took her a minute” (in her words) to get private money … but once she roped in 1 private lender, it only took 49 days to get 2 more.

We chat with our students a good bit through Twitter and Facebook. Check out her tweet below about getting her first private lender …

And exactly 49 days later, Shae updates us over on Facebook …

A quick shout out to Mike Henninger, of The Tattooed Investor, for saying, “PMBP rules!!!”

Thanks dude 🙂

Big Congrats to Shae for following the Blueprint and getting private money.

If you want to connect with her, here are links to her Facebook and Twitter.

Catch ya later,

– Patrick

… aka P-Rid

P.S. – If you’re still struggling to get private money (and you’re at risk of missing out on the greatest time to buy real estate that we may ever see in our lifetimes), plug into the Private Money Blueprint System. Many other smart investors already have.

** These private money results are not typical. The “average” person doesn’t take any action, and therefore, gets no private money.

Let Billionaire Warren Buffet Handle That Objection for You

Few people know about this highly effective technique, but I learned it years ago in my studies of psychology, communication, neuro-linguistic programming, sales, etc.

Before I share it with ya …

Have you ever been stumped by an objection raised by a private money lending prospect? or maybe you weren’t stumped, but didn’t get through to the prospect and persuade them to become your private lender. Has that ever happened to you?

Let’s face it. It’s happened to all of us.

But, if you’re sick and tired of letting objections handle you (instead of the other way around), you’re about to learn a POWERFUL technique that can change that.

So, listen close.

How to Use a “Third Party Story” to Smash Objections

OK, let’s say your meeting with a private money prospect, and they find it hard to believe that now is a good time to buy real estate. Most would respond by telling them why it makes sense to invest today, why it is a good time to buy real estate now.

So, it’s you telling them.

A much more effective way to get that same message across is to use a third party story.

Where someone else (a third party) is telling them that it makes sense to invest today.

Frankly, it’s more believable. Because anything that comes out of your mouth, self interest is involved. Not so when it comes out of someone else’s mouth.

Make sense? 🙂

So, here’s an easy way to use a third party story to handle the common objection: it’s not a good time to buy real estate today.

And we’re going to bring in billionaire (and arguable the most successful investor of our times), Warren Buffet, to handle this objection for us.

Check this out …

Click here for the entire article.

Let Warren Buffet Handle That Objection for You

Here’s how:

• Plug the pic above into your private lender PowerPoint presentation
• Add it to your credibility kit
• Post it on your private money getting website (if you use ours, this is easy since we built the sites off WordPress)
• Include the article in your monthly or quarterly newsletter
• Send a link to the article to your friends on Facebook and followers on Twitter with the caption, “If Warren Buffet is buying real estate today, I am too. Check this out <insert link>”.

So, when that objection comes up – it’s not a good time to buy real estate today – tell them you’re simply modeling success. You’re modeling how billionaire, Warren Buffet, invests today.

And that my friend is a highly effective strategy for handling an objection … using a third party story.

Now for the interactive part

= > What other ways could you use this article to get more private money?

= > How and where do you plan on using third party stories in the private money getting process?

Leave your thoughts, questions, and comments before ya go.

Happy Private Money Getting!

– Patrick

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