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Funding

Reason #17 Why Most Investors Fail At Getting Private Money

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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.)

fast fundingFrom Patrick Riddle, Deal Funding Adviser...

In my first year in the REI biz, I used a lot of financing strategies – conventional, hard money, partners – that didn't work very well based on my needs and goals.

So at the age of 23 (even though I looked like I was 17), I decided to get private money to fund my deals. I didn't know how I was gonna do it but was bound and determined to make it happen.

I made a lot of mistakes but over time, tweaked my approach, techniques, strategies and started easily getting private money.

7 Minute Funding

One day my partner got a new contract on a property and it took me like 7 minutes to get it funded.

Seriously. 

I typed up a quick email to one of my hot-and-ready lenders, Brent M. of Mount Pleasant, and BOOM! Deal funded.

How the heck did I do this?

I attribute it to one major thing: I learned how to position myself in the authority role… how to be perceived as an expert, as credible and trustworthy. And…


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