How Shae Bynes Scored 3 Private Money Lenders in 49 Days
Posted by Patrick_Riddle
Filed under Case Studies
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
Posted by Patrick_Riddle
Filed under Private Money Monthly
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
Meet the Private Money Blueprint Team
Posted by Patrick_Riddle
Filed under Cool Stuff, Private Money Articles
Together in a live setting for the first time EVER … meet the PMBP Team!
Our Getting the Money Bootcamp was an absolute slam dunk (that’s what brought us from our respective sides of the country together).
Check out some of the feedback from attendees:
“The content here was AMAZING – specific, understandable and immediately usable. Thank you!” – Bernadette Davis
“The Getting the Money Bootcamp was not only packed with top-notch, excellent content, but the quality and caliber of attendees made for one of the best networking opportunities I’ve ever experienced. Job well done Patrick, Trevor and Susan!” –Jeremy Crutchfield
“As always, you delivered much more than expected.” — Les Bick
“This is the best real estate seminar I have ever attended.” — Steven Thronbrugh
“This is one of the best seminars I have been to, and I’ve been to a lot! Thank you for 3 great days!” — Kevin Guttman
“Extremely informative and intense 3 day event that will have a surefire impact on any Real Estate Entrepreneur regardless of experience.” — Jamie Matheny
“An outstanding experience that will educate and further the business results of all who attend. Also, the best networking event I have ever experienced.” — Thom Paterson
“Awesome! Demystified those sexy syndications and hedge funds. Thank you! Better than anticipated!” — Denise Eccher
“The best hands down real estate event I have attended. Packed with content, real people who are accessible and truly want us to succeed. This ROCKED!” — Carlton Linder
Happy Private Money Getting!
- Patrick, Trevor, & Tim
Another PMBP Student Kicking Butt in Today’s Market – Target: 49 Unit Apartment Complex
Posted by Patrick_Riddle
Filed under Case Studies
If you’re one of “those” real estate investors who think you can’t buy property today unless you have your own cash or good credit, well, fortunately for you, you’re wrong.
Here’s another example of one of our students, Gene Kinzer, making things happen with private money.
He joined our Private Money Blueprint Team and just closed a 49 unit deal. And when the project is complete, he’s going to be netting around $6,000 positive cash flow … each and every month.
Check out his message to us below …
Congrats Gene!! Enjoy that new cash flow
Keep the momentum moving forward, and let us know how we can help ya.
Patrick & Trevor
The Private Money Blueprint Team
** These private money results are not typical. The “average” person doesn’t take any action, and therefore, gets no private money.
Private Money Power Persuasion Phrases that Convert Prospects to Lenders
Posted by Patrick_Riddle
Filed under Private Money Articles
Wouldn’t it be incredible if you could make a few simple changes in how you communicate your private money lending program and double even triple your conversion rate?
Heck yeah it would!
Well, I’m about to tell you – what took me years to learn through trial and error and countless hours of study in sales, marketing, psychology, persuasion, communication – 3 word-for-word “private money getting” power persuasion phrases … phrases that immediately disarm your prospect, gather needed information, and put you in the most powerful negotiating position possible: the reluctant role.
While these power persuasion phrases may sound simple, do not mistake associating simplicity with small value.
Remember as Albert Einstein said,
“Everything should be made as simple as possible, but not simpler.”
Or as Leonardo Da Vinci put it,
“Simplicity is the ultimate sophistication.”
Put these simple private money lending power persuasion phrases to work for you … and start getting the private money, the cash you need for your deals.
Private Money Lending Power Persuasion Phrases
Watch the video below …
That was a small clip from my private money getting presentation I did recently at Josh Brown and Lou Castillo’s event. I’ll be releasing more private money videos soon … so stay tuned!
Put your questions, comments, and feedback in the comment area … and let me know how I can help.
Happy Private Money Getting!
~ Patrick
P.S. Want more great private money getting videos? Click Here to Subscribe NOW!
Are You Taking S.M.A.R.T. Action as a Private Money Getter?
Posted by Patrick_Riddle
Filed under Private Money Articles
As many of you know, I’m big on teaching students to … Take Massive Action!
I’ve seen all too many beginners get stopped in their tracks due to information overload, due to fear of the unknown, fear of failure, fear of what others may say.
The result of these common obstacles is often inaction. And that’s a BIG problem. Idleness is a sure fire way to frustration, anger, and ultimately failure.
I came up with a metaphor to help you destroy the tendency towards inaction with S.MA.R.T. Action.
Check out the video below to learn more …
Now, be honest with yourself …
Have you been taking S.M.A.R.T. Action?
If not, no big deal because you can commit today, you can commit right now to change that; to no longer be one who procrastinates, to be a doer, to take S.M.A.R.T. Action.
If you have any questions, suggestions, or tips, toss ‘em in the comment area.
Catch you later,
- Patrick & Trevor
————————————– Highly Recommended ————————
FREE “PRIVATE MONEY GETTING” WEBSITE – I you’re serious about having a profitable real estate investing business that gives you personal freedom with less stress, check out how we’ll set you up a “private money getting” lead generation site for FREE. Go here now.
———————————————————————————————––
Are You Making These Common Private Money Getting Mistakes?
Posted by Patrick_Riddle
Filed under Private Money Monthly
Hopefully, you either haven’t yet made or never will make these private money getting mistakes.
One of the best ways to learn something new, is to learn what NOT to do. In this instance, mistakes to avoid.
Learn from these common private money getting mistakes so that you get private money for your deals safer, easier, and faster.
3 Private Money Getting Mistakes You Must Avoid
1) Advertising Directly for Investors Without Registering with the SEC
Here’s an example of how NOT to advertise to get private money:
Investors Wanted!
10% Returns Backed By Real Estate
Guaranteed!
Contact us at xxx-xxxx
If you were to run an ad like this in your local newspaper, that would be considered a general solicitation. And without registering with the SEC, that could land you in some big time trouble.
Here are a couple tips …
Never, and I mean never, say that an investment is guaranteed. That could get you in major hot water with the SEC … not where you want to be. Like Benjamin Franklin said, “Nothing is certain but death and taxes.”
I recommend that your primary strategy for finding private money leads is to network at REIA meetings, chamber of commerce, rotary, small business associations, BNI, and other similar organizations.
But, for those of you who still want to advertise, here’s how to structure your ad so that you stay SEC compliant.
Position your ad as if you’re teaching how to become a private lender rather than directly offering an investment. For instance …
Learn How to Make Great Returns
Backed by Real Estate
Contact us at xxx-xxxx
That would not be considered a general solicitation.
2) Presenting a Specific Deal During the First Appointment
The private money getting process we teach our Private Money Blueprint students entails getting a prospect into a formal appointment and presenting your private lender PowerPoint presentation.
During the presentation, rather than presenting a specific deal, go over general terms for your private lending program.
You see, it’s much easier for someone to object to a characteristic of a specific deal than to an ongoing investment program.
If you present a deal at this point, your prospect may not have the required funds, may not like the property, may not be able to meet the time frame needed to fund the deal.
However, once you sell someone on your investment program and you find out exactly what range of funds they have, time frame available, expectations from a good investment opportunity, etc., you can transition to passing specific deals by him or her; deals that match the information you already elicited.
3) Telling Instead of Selling
To get private money, it’s not about you telling a prospect about you, about your company, about your real estate investing strategy, about your private lending program.
True, that’s part of it. But only part.
You’re selling an idea; an idea of how to make a good return on investment dollars. And the best way to sell that idea, believe it or not, is by asking good questions; the type of questions that elicit information about your prospect’s pains and goals.
Here are some good examples of questions to ask when borrowing private money.
Making mistakes in the private money game can cost you dearly. By steering clear of these 3 common mistakes, you’ll be on your way to getting private money safer, easier, and faster …
Happy Private Money Getting!
If you guys and gals have any questions, put ‘em in the comment area.
- Patrick & Trevor
How to Use Facebook and Twitter to Get More Private Money
Posted by Patrick_Riddle
Filed under Private Money Monthly
Ok, I know what you’re thinking …
“Yeah right Patrick. Anyone who thinks they can use Facebook and Twitter to get private money is full of crap.”
… and I don’t blame ya.
I thought social media marketing – using Facebook and Twitter to generate leads for business – was just a bunch of hype too. I thought it was a complete waste of time.
But, that didn’t stop me from testing these new marketing platforms out for myself. And I’m sure glad I did.
Check out the video below to learn how to use Facebook and Twitter to get more private money for your real estate deals …
Good stuff, ehhh?
If you’d like to connect with Trevor and I, here are our links …
And if you’d like to do a little social networking while you’re over here, put your Facebook and Twitter links in the comment area below.
Let us know how we can help you guys and gals out …
Happy Investing!
- Patrick & Trevor
How to Explain the “Worst Case Scenario” to a Private Money Lending Prospect
Posted by Patrick_Riddle
Filed under Private Money Articles
What do you say to a private money lending prospect when they ask you the dreaded … “Worst Case Scenario Question” …
This is one of those questions that comes up practically EVERY TIME you present your private lending program.
One of our students, Jose, recently had this exact question and wanted to know how to navigate this touchy subject without scaring them off … check out his email to us below …
Great question Jose … we get this one all the time …
What you say to answer this question, AND how you say it could easily make or break the deal … heck, where you answer this question could easily make or break the deal (as a Private Money Blueprint student, you know exactly what I’m talking about, don’t you?).
Check out the video below … I not only tell you exaclty what to say and how to say it, I also let you in on where to answer this type of question (most investors get this all wrong) …
Leave your questions, comments, tips below …
- Patrick & Trevor