Funding
The Half-Minute Private Money Hook
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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.)
Howdy, Moguls, Patrick Riddle here. A while back, one of our esteemed experts wrote a great lesson about the best hook to use to get private money lenders to secure you in a deal. Well today, I am going to give you my personal version of this same concept. (Oh, and please check out some of my awesome previous lessons, they’ve got great info too.)
We’re going to discuss a short (but powerful) script you can use to literally attract private lenders to you in the normal course of your day-to-day hobnobbing and meeting people.
Get Them to Come to You
A few years ago, I had a big mental shift occur in how I thought about trying to get private money. For a while I’d been trying to ask…
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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