Are you interested in working with private money lenders to fund your deals, but you’re not sure where to find them?
Well, that’s exactly what I’m covering in today’s lesson…
Hey Moguls, Patrick Riddle here to talk with you about an interesting tip you probably haven’t even thought about for finding private lenders.
But I’m actually flipping the script—this happens to be a great way to get other people to consistently refer potential lenders to you.
Intriguing, right?
And don’t worry, I’m also sharing exactly what I say when I do have the opportunity to speak with these potential lenders.
Let’s get to all the awesome I’m serving up…
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Okay, so here’s the great place I bet you haven’t considered that’s ripe with warm private lender referrals…
BNI: Business Network International
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.