(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.)
From Patrick Riddle, Funding Adviser...
In the deal funding arena, trying to impress a potential private lender at your first meeting is not entirely unlike trying to impress a girl or guy on a first date. You're both getting together to see what you have in common, how your ideals and values line up (or don't) and wondering if something good will spark.
Over the years, in dating girls and "dating" private lenders, I've had some unsuccessful appointments and some very successful ones…
When it comes to the private money side of things, allow me to share with you some of the simple but effective things I've learned that can greatly improve your chances of hitting a home run and scoring a second date.
1. Attitude is Everything
There's nothing sexier than confidence, and there's no substitute for a good, positive attitude. I love Henry Ford’s quote, “If you think you can do a thing or think you can’t do a thing, you’re right.”
Think about it: When you're around someone who…
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.