On this month’s call, Patrick chats with one of our members, Josh Borcherding, who started investing 3 years
ago… and today, owns 26 units – a mix of small multi-family properties and single family student housing. You’ll learn how Josh and his wife have built this portfolio which now provides $5,011/mo in positive cash flow!
… and step-by-step how he closed two of his recent deals.
One of which is a 4-plex and you’ll discover the website where Josh found the deal (that you can access for free), his 3-offer approach, how he negotiated seller financing at 5% per annum, and much more!
Now, grab a pen and get ready to take some notes!
Plus Josh is going to share a postcard that he used to get not 1, not 2, but 3 deals from! … and he only did one mailing!
I hope you learn a ton from this training that you can implement in your biz. Join the conversation and add your comments below.
Hey, I was on the phone with PMBPer, Tim Ryan, and he was telling me about a 42-unit deal worth $3mm bucks he closed the other day.
It’s amazing how far Tim has come since joining forces with us back in May ’09.
A few short months after implementing the PMBP system and processes, he sent me this message…
——
“Several months ago I was spinning my wheels trying to close a single family with a bank… earlier this month, I closed on a 16 unit deal, a 2 duplex deal, and another duplex deal REO – with private money. My net monthly cash flow is $2000!
Thanks guys because I know this is just the beginning.”
——
Yep, it was just the beginning Tim 🙂
From spinning his wheels trying to close a single family deal through a bank… to closing multi-million dollar deals.
And get this… Tim hasn’t used one dime of his own money to acquire any of his properties. To finance the 42-unit, he put a simple ad online and got $560k in private money!
I asked Tim if he would be willing to hop on the line for this month’s Private Money Monthly Mastermind Call… and he said “YES!”
Whoohoo!
And not only did Tim share his ad with you that you can swipe and deploy into your business, you’re going to learn:
How to get Realtors feeding you “pocket listings” (great deals that other people aren’t finding)
Tim’s secret ingredient (it starts with a “P”) to getting private money
How he used a pre-payment penalty to his advantage when negotiating the 42-unit deal
The unconventional method Tim used to find the PERFECT resident property manager
and much more!
He’s even going to share how he found and funded his 2 most recent flips that will conservatively net him $65k.
Take out a pen and pad… and get ready to take some notes.
Enjoy.
If you have any questions, toss ’em in the comment area.
– Patrick
P.S. – Here’s a pic of Tim with his wife and son outside the new 42-unit deal…
Congrats from the entire PMBP family! We’re proud of ya 🙂
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.
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.
Is there something that you know you should do, that you know will move your biz forward… but no matter how hard you try, you just can’t bring yourself to do it?
Maybe it’s…
Calling your first seller
Making an offer
Meeting with a private money prospect
Whatever it is… it’s time to stop procrastinating and start making money!
The “Negative Motivation” Technique
I got an email from one of my Platinum student partners, Heather, a couple days ago who FINALLY was able to stop procrastinating on setting up her first private money appointment. It was the one thing that she knew she needed to do, she knew it was the next step in building her business… but it frightened the heck out of her.
Enter the “negative motivation” technique… which I first learned from Unstoppable Confidence, by Kent Sayre (awesome book btw!).
Here’s how Heather used this technique to break through her fear and get her first appointment…
She attached a “negative motivation” of a monetary fine ($30 bucks paid to her son at the end of every day that she didn’t hit her private money appointment goal)… and that was enough to push her over the edge and set up 4 presentations the first day she implemented this.
Whoohoo!
So, how do you put this to work for you?
what have you been procrastinating on more than anything else?
determine what “negative motivation” you’ll use to force youself into action (doesn’t have to be monetary… could be not being able to watch a big game coming up with your favorite sports team or whatever would motivate you to get off your butt and into action)
get someone to hold you accountable
There ya go… that’s a simple technique that you can implement today… so STOP procrastinating and start making money.
