(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.)
You know how much we love using private money to leverage our real estate investing deals, and unless you’ve been living under a flat rock, you know that we love talking about private money almost as much.
But private money – believe it or not – isn’t the only way to fund your deals.
Hey guys, it’s Patrick Riddle, and for a moment, I’m going to ask you to step outside of your comfort zone, take a deep breath and think about hard money.
Yep, I said it… and I’ll say it again. Hard money.
It’s got a bad rap, I know, but where there’s bad news there’s always good news, right? When the glass is half empty it’s also half full. You see where I’m going with this...
Point is, hard money is one powerful tool that all investors should keep in their arsenals. If fact, I’ll bet there will come a time in your near future when hard money will be just what the doctor ordered for your deal.
…
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.