(NOTE: What it's like to write a $1,000,000 check for a sweet piece of undervalued real estate … even if your bank account is overdrawn and you owe the local lawn boy $20? This special report shows you step-by-step.)
Hi, Moguls! Patrick Riddle here…
Ahhh, private lenders. The Holy Grail of REI deal-funding. We all want them, right?
Of course we do. We want them like Elmer Fudd wants Bugs Bunny. Because leveraging private lenders is - hands down - one of the fastest and most effective ways to start landing deals and catapult your business right where you want it to be.
The problem is… just like the actual Holy Grail, private lenders can be tough to find, especially when you’re just starting out as an investor. No matter how many tips, tactics and strategies you use, we know connecting with that first private lender is a huge hurdle. For many people, it seems too huge. Insurmountable, even.
But we’ve got some good news for you: it is possible.
And today, I’m going to outline a couple of key factors in getting over that first private lender hump: experience and creativity.
…
Patrick Riddle
has been investing in real estate ever since he got the bug in college at Clemson University and - to his parents dismay - dropped out of college to dive full-time into real estate at the age of 22 with a couple friends/partners from school.
The first few deals were rough for them, mainly using their own cash, credit, and hard money loans. But, soon he found out that was a rough and unsustainable way to build a real estate business.
After "on the job" learning through the school of hard knocks at first, he found the key that helped their company get deals done more quickly, with higher profit, less risk, without having to go to banks or use their own cash.
Fast forward to today, their company has closed over 130 real estate transactions and has put over $6 million in private money into their own transactions.