This letter is a short 1 page letter aimed at getting a prospect on your cash buyers list. This letter can be sent out to private lender prospects or cash buyer prospects.
Either way, both of those types of people are great leads for private lenders for you because they have money and know real estate.
The key when using public records or list brokers is to build a relationship with them first (like as a cash buyer or just in networking) then guide them toward being a private lender over weeks or months.
You'll notice in this letter how I hint in the PS at "I noticed you've lent private money in the past" and go on to say that "we have buyers who use private money and I can pass those leads over to you if you'd like".
This is a great way to pique their interest on that front and totally reverses the "sale" so you're not coming after them… you're helping them out by referring them to your buyers.
Then, over time as you build a relationship with this new buyer… maybe pass them one of YOUR deals that you need private funds for to see if they're interested in it.
Also, going with this approach you are not soliciting an…
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.