Funding
5 Potent Places You Can Find Private Money Lenders
Want V.I.P. access to a $6,000,000 line of credit for real estate investing? Click here now →
(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 guys, Patrick Riddle here, and I’m super stoked to have been asked back again to share some great REI info with you awesome Moguls.
In my 10+ years as a real estate investor, I’ve secured millions of dollars in private money from various people. Having done this successfully for a while now, I know where to find private money lenders and how to build those relationships, so they’ll wanna jump at your deals and loan you money.
Let’s get the basics out of the way first…
Private funding is something that REIs use to get their deals closed, either short or long term. Private lenders are a terrific source of funding.
The funding comes from an individual with deep pockets who is likely not getting a good enough return on their money they’ve invested elsewhere, like the stock market for example. So you’ll work to establish a great working partnership with a Sugar Daddy or Mama, and provide them opportunities for better returns on their cash.
But…
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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