Have You Done This With Private Lenders Before?
Posted by Patrick_Riddle
Filed under Private Money Articles, Private Money Monthly
When getting started with private money, what if one of your private money prospects asks you …
“Have you done this with other lenders? If so, could you give me a few names that I could contact?”
How would you respond to that? What would you say?
If you’re like most, you’d probably fumble on your words … stutter a little bit … and leave your prospect with a not-so-good feeling about you and your investment program …
BUT, have no fear … Patrick’s Here!
… lol … ok, maybe that was a little much … but really …
One of our students asked this question recently so I shot a quick video teaching you exactly what I’d say to handle the prospect’s true concern … their comfort level investing with you …
Click the video below to watch the video now!
My advice to you would be to study the script below so that you’ll be ready to fire when a prospect asks you this one …
<< Private Money Script for Squashing this Objection >>
“I’m newer to this but my mentor has been doing it for many years.
Often times when people ask that question, I’ve found that what they want is to feel comfortable about the investment … one thing that I want to make sure that you understand is that you’re investing in a property … a property that is significantly undervalued. So your security is the property itself.
And you will get a chance to make sure the deal provides you all the comfort needed for you to feel safe and secure. Does that make sense?”
Then, if he or she asked again to speak to some of your investors say …
“I’m in the process of qualifying several lenders at this time to get started with me. So far, I haven’t needed extra funds but I’m coming across so many good deals right now that it’s time to build the team to take advantage of this incredible buyer’s market.
You know, this opportunity is definitely not for everyone so I understand if it’s not for you.”
Let us know how we can help you guys out … put your thoughts, questions, and whatever else is on your mind in the comment area below …
– Patrick & Trevor
NOTE: Since March 2009… our students have reported back (this is only what they’ve reported back to us) over $4.75 million in private money “got” to close their real estate deals. If a few hundred thousand or million bucks to make offers would make a difference hop aboard the “PMBP train” while this buyers market is still here.
