Funding
How to Get Past the #1 Private Money Roadblock
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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 Moguls, Patrick Riddle here with a powerful lesson about working with your private money lender.
What’s that you say? You have no private money lender because you can’t get over that first roadblock? Well, never fear – after you get this information, you’re gonna sail right over that so-called roadblock.
You probably already know where I’m going with this...
You want to seek out private money lenders, but you’re such a greenhorn newbie, they might run in the other direction. (At least that’s your current perspective of the situation.)
So, potential private money lenders simply do not see you as a credible risk. They aren’t sure you’re good for your promises. (Can you blame them? They’ve learned to be wary through experience.)
In my years of working with investors all over the country, I can honestly say this is probably the biggest reason why investors have a battle with getting private money funding.
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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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