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 🙂

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.

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 😉

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

Getting Private Money is… Easy!

Last summer at our Getting the Money event, Patrick showed everyone how easy it is to get private money. By the end of the weekend, that was the chant of all the participants… “Getting private money is easy!”

And again we say, getting private money is easy! But this time, you can hear it straight from one of our members.

Check out this email Patrick received from PMBPer Tim Ryan:

 

So not only was it easy to get one deal, but Tim got TWO!

We’re not saying there isn’t work involved in finding private money, because there is. But if you’re willing to take action, with the right tools and systems, it becomes easy.

Interested in getting private money for your deals?

Check out the Private Money Blueprint (the whole shebang on finding private money), or Private Money on Demand, which teaches one specific private-money-getting technique – how to find private money through public records.

Let us know if we can help ya with anything 🙂

– Charity

Head of PMBP Member Experience

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

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

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 Structure Private Money Loans

There are two primary ways that private money loans are structured… as an equity or debt investment.

Private Money Loan Structuring – Equity vs. Debt

With an equity investment, you’re giving your private lender a portion of the ownership in the property. What portion? It’s up to you. But, I’ll give you an example from one of our students below.

With a debt investment, your private lender is paid a specific rate of return. This is how I’ve structured most of my private money loans. Why? Because most of the time, it’s more profitable. And by retaining 100% ownership of the property, you remain in full control.

Neither structure is right or wrong… just different.

How PMBP Student Justin Wilmot Structures Loans

Justin Wilmot, one of our students kicking serious butt in the Florida market (he’s done more than a dozen deals in the last year since getting started), structures all of his deals straight 50/50 partnership with his private lender.

So, he chose the equity investment route.

… and he never has to worry about financing again.

He brought in one private lender with deep pockets and started doing deal splits. It worked out great for him and his lender so they decided to go into business together.

With cash to close deals at Justin’s disposal, he simply focuses on finding and closing great deals.

How PMBP Student Rob Russell Structures Loans

Rob Russell, one of our Platinum students in Oregon, structures his loans completely different. He chose to go the debt route.

He offers anywhere from 5 to 10% interest per annum and consistently gets private money on the low end of that range. Whoohoo!

Rob shared a cool story about a “Loaded Dentist” recently who contacted him through his PMBP website. After chatting a couple times and meeting, he had a commitment for private money at 7% per annum… no fees, no points, no hoops, no B.S.

Also, you may be wondering…

How Does Your Private Money Lender Get Paid?

It’s negotiable.

Do whatever makes sense based on your deals, your business model.

If you’re doing long term private loans (anything over a year), maybe you distribute the interest earned or profits over time… through monthly, quarterly, or annual distributions.

For short term loans, you could let it accrue until you cash it out.

It’s up to you to determine.

Got a comment or question?

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

– Patrick

P.S. – In our full Private Money Blueprint system, module 4 is called The Nuts and Bolts: The Essentials and Specific Steps to Every Private Money Transaction. We cover – step by step – exactly how to close a transaction and give you all the paperwork… and that’s just one small component of our overall private money getting system.

P.P.S. – Need some inspiration? Check this out 🙂

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

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