Private Money Power Persuasion Phrases that Convert Prospects to Lenders

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!

Awesome Words To Live By… Seriously Worth A Watch

“I’ve never considered myself as particularly talented. Where I excel is my ridiculous work ethic.  While the other guys sleepin’… I’m working”

That quote right there is one of my favorites in his video… and that’s one thing I’ve found out over the last 4 or so years.

Find what you love to do… and work harder than everyone else… put out everything you’ve got… realize we’ve only got one go around on Earth… don’t waste your limited time here… make a difference… leave the world in a better place than you found it… and and do all you can to help make a difference for other people and for yourself.

Enjoy the week!

- T & P

P.S. – A couple more quotes from the video… “Don’t create a plan B… it’ll only distract you from plan A“.  “Being realistic is the most commonly travelled road to mediocrity“.

 

Are You Taking S.M.A.R.T. Action as a Private Money Getter?

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?

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

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 …

Friend Patrick on Facebook

Friend Trevor on Facebook

Follow Patrick on Twitter

Follow Trevor on Twitter

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

Private Money Blueprint Results – Kimberly Francis Raises Over $100K

Whoever says that getting private money isn’t easy … either doesn’t know what he or she is talking about or doesn’t know the simple techniques and strategies that work for easily getting private money …

I checked in with one of our students, Kimberly Francis, on Facebook to see how the Private Money Blueprint System was treating her and if she had any questions we could help her with … check out her response …

It’s really gratifying … I mean think about it, “If you were stuck, without a way to finance your deals, unable to capitalize on one of the greatest times to buy in our lifetimes, unable to achieve your real estate investing dreams … and everything changed for you … you invested in yourself, you invested in your education, and now you’re seeing results like these … over $100,000 in private money just a couple months after getting started … wouldn’t that feel incredible?”

It does for Kimberly, and Butch, and Tim, and Connie, and Victor, and Ann, and Ray, and Justin, and the list goes on and on …

If you want access to hundreds of thousands of dollars in private money to fund your deals, if you want to learn how to easily get private money for your deals, check out our private money getting system.

Oh yeah, we love connecting with our students … whether you’re already on the Private Money Blueprint Team or just loving all the killer free training that we offer … head over to Facebook and friend us up …

Here are our links:

Trevor’s Facebook

Patrick’s Facebook

If you are one of the many Private Money Blueprint students who are rocking it and getting tons of private money, send us your success story … we LOVE hearing from you all

- Patrick & Trevor

Rob Gets Hounded By Private Lenders – With Just One PMBP Strategy…

Okay, Rob has been a star investor student of ours and is kicking some serious hiney.  This is one of the first emails Rob sent us (within a week of joining PMBP)… and he let us know what a recent networking meeting was like for him when he just changed ONE thing he was doing and followed just ONE strategy from the PMBP program.

Here ’tis… pretty cool stuff huh?
(click the image below to see the full version email from Rob)

>>> Use The “Negative” Approach Rob Talks
About That He Found In PMBP… It Works Wonders…<<<

Private Money Case Study – Brian Gets Committment For $150,000

Another cool note from a happy PMPB student.

Brian has been a student at PMBP since summer of ‘09… and he let Patrick know through his blog that he just locked up $150,000 (which will turn into $500,000 after the first deal) in private money to do his real estate deals.

Check it out…

>>> Click Here To Get The Same Tools And
Personal Guidance Brian Got <<<

Wealthiest Zip Codes In America – Great Place To Find Private Lenders

Okay, when people ask us “where do I find private lenders?“… the answer isn’t a clear cut answer like people like to hear. I think most people expect us to say, “Well, here’s a phone number… call them”… or, “Go to this website“.

The thing is, true private lenders don’t advertise themselves as lenders… and there’s no big website or database that these people really aggregate at (except for places like www.prosper.com, but the limit is $25,000).

Anyhow, one of the best places to find private lenders… is to follow where the money is.

And, lucky for us… people have already done the work for us on this one… and here’s a list of the Wealthiest Zip Codes In America that will help you target some areas in your networking and marketing efforts for private money lenders.  If you’re not in one of these zip codes, don’t worry about it!  There’s plenty of money in your zip code too… it just might not be as plentiful as in the zip codes below (I currently live in the county with the highest unemployment in Oregon… you think it’s a wealthy zip code? Nope. ).

There’s Private Money Looking At You…

Source: All Data From The IRS

Top 100 Wealthiest Zip Codes

State	City	Zip Code	# of Tax Returns	Gross Income	Return
NEW YORK	New York	10004	1,336	2,830,671	$2,118,766
WASHINGTON	Medina	98039	1,514	827,810	$546,770
CALIFORNIA	Los Angeles	90067	3,141	1,717,098	$546,672
CALIFORNIA	Atherton	94027	3,738	2,009,863	$537,684
NEVADA	Incline Village	89451	1,362	721,047	$529,403
CALIFORNIA	Ross	94957	1,215	560,537	$461,347
FLORIDA	Palm Beach	33480	6,564	3,003,143	$457,517
ILLINOIS	Chicago	60606	1,064	481,759	$452,781
CONNECTICUT	Greenwich	06831	7,465	3,095,629	$414,686
CALIFORNIA	San Francisco	94111	2,459	1,004,803	$408,623
NEW JERSEY	Far Hills	07931	1,564	627,651	$401,311
MASSACHUSETTS		02193	3,316	1,329,457	$400,922
NEW YORK	Old Westbury	11568	1,785	711,275	$398,473
MASSACHUSETTS	Boston	02110	2,111	834,299	$395,215
TEXAS	Dallas	75201	2,364	880,012	$372,255
CALIFORNIA	Rancho Santa Fe	92067	4,912	1,827,795	$372,108
CALIFORNIA	Portola Valley	94028	3,572	1,306,897	$365,873
NEW YORK	Purchase	10577	1,620	574,247	$354,473
ILLINOIS	Kenilworth	60043	1,315	457,641	$348,016
MISSOURI	Saint Louis	63124	5,593	1,826,895	$326,640
PENNSYLVANIA	Gladwyne	19035	2,169	699,690	$322,586
NEW YORK	New York	10005	1,880	578,731	$307,836
CALIFORNIA	Beverly Hills	90210	10,480	3,162,173	$301,734
ILLINOIS	Winnetka	60093	10,517	3,129,300	$297,547
CALIFORNIA	Los Angeles	90077	4,181	1,235,145	$295,419
NEW YORK	New York	10018	2,797	814,967	$291,372
CONNECTICUT	New Canaan	06840	9,623	2,750,207	$285,795
MASSACHUSETTS	Boston	02108	2,610	739,875	$283,477
ILLINOIS	Glencoe	60022	4,390	1,237,748	$281,947
NEW JERSEY	Short Hills	07078	6,745	1,896,190	$281,125
ILLINOIS	Lake Forest	60045	10,185	2,802,054	$275,116
CONNECTICUT	Greenwich	06830	12,515	3,372,995	$269,516
FLORIDA	Longboat Key	34228	3,610	972,220	$269,313
CONNECTICUT	Darien	06820	9,401	2,518,214	$267,867
NEW YORK	Rye	10580	8,195	2,182,539	$266,326
PENNSYLVANIA	Villanova	19085	2,901	772,321	$266,226
TEXAS	Houston	77002	2,319	612,696	$264,207
CALIFORNIA	Belvedere Tiburon	94920	6,413	1,669,035	$260,258
CALIFORNIA	Los Angeles	90071	1,031	266,853	$258,829
NEW YORK	New York	10022	21,670	5,469,333	$252,392
TEXAS	Fort Worth	76102	2,391	597,998	$250,104
CALIFORNIA	San Francisco	94104	1,637	400,650	$244,746
DELAWARE	Wilmington	19807	4,192	1,024,239	$244,332
CALIFORNIA	Los Altos	94022	9,958	2,414,274	$242,446
NEW YORK	Chappaqua	10514	5,937	1,424,560	$239,946
NEW JERSEY	Essex Fells	07021	1,117	267,151	$239,168
GEORGIA	Atlanta	30327	11,481	2,702,336	$235,375
MASSACHUSETTS	Lincoln	01773	2,774	650,057	$234,339
CONNECTICUT	Weston	06883	4,699	1,066,977	$227,065
CALIFORNIA	Newport Coast	92657	2,266	513,411	$226,571
PENNSYLVANIA	Haverford	19041	3,135	709,656	$226,366
NEW YORK	Great Neck	11024	3,489	789,216	$226,201
NEW JERSEY	Saddle River	07458	5,381	1,215,967	$225,974
CONNECTICUT	Riverside	06878	3,817	859,869	$225,274
TENNESSEE	Lookout Mountain	37350	1,186	266,984	$225,113
FLORIDA	Vero Beach	32963	6,752	1,505,406	$222,957
NEW YORK	Bedford	10506	2,951	657,271	$222,728
MASSACHUSETTS		02181	6,181	1,372,252	$222,011
TEXAS	Houston	77019	7,960	1,765,571	$221,805
NEVADA	Las Vegas	89113	3,995	885,381	$221,622
MASSACHUSETTS	Boston	02109	3,697	815,619	$220,616
MINNESOTA	Wayzata	55391	7,848	1,711,558	$218,088
NEW JERSEY	Bernardsville	07924	3,504	760,432	$217,018
NEW YORK	Locust Valley	11560	3,460	740,001	$213,873
NEW YORK	New York	10021	56,833	12,098,604	$212,880
TEXAS	Austin	78730	1,993	418,947	$210,209
FLORIDA	Naples	34102	5,576	1,166,510	$209,202
TEXAS	Houston	77024	17,111	3,561,753	$208,156
ILLINOIS	Chicago	60611	14,967	3,105,056	$207,460
NEW YORK	Armonk	10504	3,748	777,274	$207,384
MASSACHUSETTS		02167	4,342	894,391	$205,986
NORTH CAROLINA	Charlotte	28207	4,518	928,762	$205,569
MASSACHUSETTS	Dover	02030	2,793	573,987	$205,509
CONNECTICUT	Westport	06880	13,278	2,720,166	$204,863
OHIO	Gates Mills	44040	2,020	412,549	$204,232
CALIFORNIA	Pacific Palisades	90272	11,319	2,305,152	$203,653
TEXAS	Dallas	75205	10,982	2,229,410	$203,006
NEW JERSEY	Franklin Lakes	07417	5,306	1,076,578	$202,898
KANSAS	Shawnee Mission	66211	2,016	408,972	$202,863
MASSACHUSETTS	Weston	02493	2,063	416,997	$202,131
CALIFORNIA	Encino	91436	8,415	1,693,315	$201,226
TEXAS	Dallas	75225	11,331	2,276,633	$200,921
TEXAS	Austin	78746	12,215	2,452,417	$200,771
VIRGINIA	Great Falls	22066	7,876	1,575,622	$200,054
CALIFORNIA	San Francisco	94105	1,685	330,473	$196,126
NEW YORK	New York	10017	12,898	2,525,912	$195,837
MASSACHUSETTS	Cohasset	02025	3,534	691,417	$195,647
CALIFORNIA	Palo Alto	94301	9,160	1,783,255	$194,678
ILLINOIS	Oak Brook	60523	4,397	850,239	$193,368
NEW JERSEY	Rumson	07760	4,964	959,420	$193,276
CONNECTICUT	Southport	06490	2,216	427,313	$192,831
NEW JERSEY	Mendham	07945	4,594	877,310	$190,969
CALIFORNIA	Saratoga	95070	15,576	2,961,579	$190,137
CONNECTICUT	Stamford	06903	7,175	1,363,212	$189,995
NEW YORK	Cold Spring Harbor	11724	1,729	326,030	$188,566
NEVADA	Incline Village	89452	1,282	239,677	$186,956
MASSACHUSETTS	Boston	02105	1,410	263,545	$186,911
WASHINGTON	Seattle	98111	1,328	245,600	$184,940
CALIFORNIA	Santa Monica	90402	5,994	1,105,839	$184,491
CALIFORNIA	Beverly Hills	90212	8,404	1,547,160	$184,098

What To Do With This Data?

Alright… unless you’re an avid marketer and a constant student of marketing and sales… you’re probably asking, “Cool… now what do I do with this data?”.

Well, there are a few different approaches.

1. You can use the data and help it give you direction on where you want to start marketing online or offline (of course, follow SEC rules and guidelines like we teach in Private Money Blueprint) so you’re focusing your online and offiline efforts in areas more likely to have bigger lenders.
2. You can focus your networking in these zip codes so you can start to mingle with people who are more likely to have more money. Odds are bigger that you’ll be talking to more savvy investors in these zip codes and to people who will understand your private lending program more easily.
3. You can just note it in your mind and keep it for future reference (which means you’ll never use it)
4. You can realize that if you’re hitting a wall with your networking (if you’re really out there hustling and talking to a lot of people… at leaset 3 new people a week) and you’re in need of bigger private lenders… you can start to build out your network in these areas.  If you’re not close to these areas… use our LinkedIn ‘Private Money Getting” tutorial if you’re a Private Money Monthly member and start making contacts with influential people in those areas.  If you’re not a Private Money Monthly Member… no prob at all… hit up the social networking sites like Facebook, LinkedIn, etc and just start building relationships with influential people in these zip codes.

This chart more than anything goes to show you that there’s still a ton of money out there waiting for a great opportunity to invest in private lending programs like ours that pay great returns backed by real estate.

Now… it’s up to us who are going to take action on this data to go out there and grab our share!

I’m grabbing mine… it’ll take some work… but nothing worth while doesn’t take hard work and committment.

Go get ‘em!

How to Explain the “Worst Case Scenario” to a Private Money Lending Prospect

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

Next Page »