Are you worried about pulling off credibility when it comes to getting private money?
What if I told you that you can fake credibility?
How?
Well, you just have to have the balls (I mean that figuratively –It goes for all you women, too) to “fake it until you make it”, so to speak.
Need more specifics? I thought so. That’s why today we are starting a series on how to have ironclad credibility, starting with The 4 Essential Traits of a Credible Real Estate Investor.
But first, let’s talk refresh ourselves on what credibility is and why it’s so important to a real estate investor…
Credibility Matters. Period.
Question:
So what is credibility again?
Answer:
Credibility means “worthy of belief and trust.”
Question:
Okay, so does credibility really matter in the REI world?
Answer:
You better believe…
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.