(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 hey, Patrick Riddle here…
Short and sweet – that may be today’s lesson in a nutshell, but short and sweet packs a powerful punch when it comes to asking for private money.
So how do you do it? How do you ask someone for private money?
This is a question I get over and over, and for good reason. Asking for money isn’t easy, but it doesn’t have to be so hard. Here’s what I mean…
Manage Your Mindset
That negative feeling you have toward asking for private money – it’s all in your head!
You’ve got to change your mindset.
I propose, no – I know, that you’re not really asking for money. Rather, you’re presenting opportunities to the right person.
Think about that.
Are you asking for investors to do you a favor? Absolutely not! This negative “used car salesman” (no offense to our car salesman friends)…
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.