Funding
A Brainstorm List for Private Lenders
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(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.)
Hey there Moguls, Patrick Riddle here to talk to you about private lenders. Perhaps you’ve been considering reaching out to private lenders to help get your investing business into high gear. You’ve heard that the best way to begin this process is with your “warm prospects.” But every time you try to compile a list of possible warm private lender prospects, you seem to come up empty.
Well, guess what? You’re not alone. Nearly every investor has experienced the same problem – me included.
We’re talking about sorting through those in your close sphere of influence. These will be people you already know who might have “mattress money” of some sort – they would be great candidates to invest private funds for your REI deals.
It’s not like you don’t know lots of people, right? But getting that list of names on your own is a tall order. It can be a struggle.
This lesson is going to help you over that hump by inviting you into a little brainstorming…
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.
Finished?
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