Funding
Dating Private Lenders: 7 Smooth Sayings for Following-Up with Private Money Prospects
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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, gang.
Here’s another good lesson from our private money madman, Patrick Riddle.
Patrick is a machine in the private money arena, and in addition to cranking-out the deals, he also creates lots of good content for us here at Mogul.
Check-out our archive of Patrick’s previous lessons about Funding strategies and Inner Game mindsets, then read on to learn about his 7 “smooth sayings” for following-up with private money prospects.
7 Smooth Sayings for Following-Up with Private Money Prospects
Alright, so you've used my previous lesson to explain my PowerPoint presentation to your private money prospect. Now what?
It’s time to follow up...
Many of your private lenders will require…
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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