Why Private Lenders Say “No” And What To Do About It

Posted by  
Filed under Private Money Articles

So, you’re meeting w/ a private money lending prospect. Let’s call him Joe Lender.

You find out that Joe is currently getting a 3% return on his investments. You offer him 6%… and he says “No.”

Why would he say “No” when he could DOUBLE his current return by simply lending you private money?

And more importantly, how do you get Joe to change his mind?

Watch the video below to learn how…

Alrighty, time to take action on what you’ve learned… because action is the big differentiator between success and failure.

… and don’t take my word for it. They all agree.

Action is the real measure of intelligence.” – Napoleon Hill

Everything you want is out there waiting for you…Everything you want also wants you. But you have to take action to get it.” – Jules Renard

The path to success is to take massive, determined action.” – Tony Robbins

Happy Private Money Getting!

– Patrick

… aka P-Rid

P.S. – Be a giver. Leave a comment before you go and give your feedback, opinion, thanks, whatever comes to mind. We LOVE hearing from you guys and gals 🙂

Member Comments

11 Responses to “Why Private Lenders Say “No” And What To Do About It”
  1. Jim Canale says:

    Oh, soooo true Patrick! Credibility is King when it comes to raising capital…and every Investor needs to learn how!
    Nice job!

  2. Very Good Information, I’m a new investor in So. Cal. and want to learn more on how to get and use private
    money. I am selling my Hammond A100 with a Leslie Speaker to raise money for my business.
    Hope to see you in Oregon next month if I can make it.

  3. Dawn Hail says:

    You always give great information! There are so many deals out there, the problem is finding the money to acquire them. Your training is one of the most important pieces of the real estate puzzle needed in this environment of tough bank lending requirements.

  4. Norm@valuexpertinvestors@yahoo.com says:

    CREDIBILITY IS CRUCIAL-but… sometimes, due to market conditions, where people will start throwing $$$$ at everyone who can get them the newest thing that the GURU’s throw out there.
    Sure, its tough, but P Rid seems to have some fine ways around those objections. THIS BUSINESS ISNT FOR THOSE NOT WILLING TO PUT IN LONG , SMART HOURS…..
    I am very blessed to have come upon some larger investors, looking for the GOOSE LAYING GOLDEN EGGS, ER BULK REO
    Have been a RE Appraiser in So Cal for over 25 years, I do mainly Malibu/BevHills, talk about losing their homes$$$, I know value, got an REO CONTACT, looking for the BULK SWITCH-banks tripping it soon.

    Thanks PRid, listen to this guy, get his stuff, he is definitely thinking way outside the rhombus…..

  5. Reginald Williams says:

    That is good information Patrick. I live in Charleston, SC. May we meet?

  6. Larry Gamboa says:

    Thanks for your very actionable recommendations.
    I am a Private Money Blueprint Customer.

    Does this entitle me to a Private Money Website
    where I can do the stuff you mention?

    That would bring me to a new level of

    Keep your wisdom coming Patrick.

    Best wishes,
    Larry Gamboa

  7. Jim… you’re right! Credibility is definitely KING!

    Bryan… I’ll be in Oregon end of the month to speak at Ron Mead’s Probate Mastery Conference. If you can make it, I’ll see ya there. It’s gonna be good!

    Glad y’all enjoyed the tutorial.

    Let us know if we can help w/ any questions.

    ~ Patrick

  8. Terry Lynn Cahoun says:

    Patrick: Thank you for your education. I’m new member as well new to this type technology. My desire is to learn how to take 1 step at a time and implement these strategies. Any suggestions?

  9. Hey Terry Lynn, congrats on becoming a new PMOD member with us. We’re happy to have you on board.

    Ok, I suggest starting by studying the core module in the PMOD program and the 3 ‘demo’ videos. Then download my private lender PowerPoint presentation and customize it to suit your biz (that’s the main tool you’ll use when meeting with prospects).

    That will be a great start.

    – Patrick

  10. Mario says:

    Great Stuff! I like the Website idea. Do you guys have some kind of Domination setup? Where you can blast your website and capture leads? Where do I join?

  11. Anonymous says:

    Hey Mario,

    I’m not really sure what you mean by ‘Domination setup.”

    We do include setting up a website for our Private Money Blueprint members. If you want to find out more info on that, here’s the link… http://www.privatemoneyblueprint.com/special.php

    – Patrick

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!