“Should I focus on finding a good deal, or should I focus on funding first?

I can certainly understand why this can seem a little bit confusing. After all, it’s the chicken or the egg, right? Should you focus on finding the deals first or finding the private money you need, so that you can actually close on them?

Here’s What I Suggest…

First off, I feel your first action step should be to map out your marketing plan. How are you going to get your phone ringing with motivated sellers?

Now, why do I suggest crafting a marketing plan for your first action step?

Well let’s say you go out and get a great deal under contract, but you don’t quite have the funding lined up yet. You probably already know that you can put an “out” in place (i.e. an inspection or financing contingency) so that, if you either can’t find a buyer or can’t get funding for the deal, you can pull back from the deal and you’re out clean.

Believe it or not, it’s not finding or funding deals that keep most budding investors from ever getting those first few deals done. Most of the time, its inaction, due to procrastination, due to fear.

And by far the best cure for fear is to force yourself to take action in the face of fear and uncertainty.

Ralph Waldo Emerson said: “Do the thing you fear and the death of fear is certain.”

This is why I say you should start marketing ASAP to start generating leads fast, whether you have your funding lined up or not. Because no matter what, you’ll at least get the experience of talking to sellers, negotiating with them, contracting property, and so on. And this action-based experience is worth tons in getting you over the “new investor” hump and getting your first deal notched in your belt.

Both/And…

At the same time, I don’t want you to ignore your funding needs.

In fact, I actually want you to start both at the same time – while you’re out there marketing and/or hunting for deals, go ahead and start taking action on securing the funding you need.

As I said, you can put a deal under contract and then potentially wholesale it for some quick cash – typically a couple thousand here or there. But ultimately you want to have private money at your disposal. Cultivating relationships with private money prospects that eventually turn into lenders – that’s how you make the big chunks of money. But you’ve got to start somewhere, and start as soon as possible.

First, map out that marketing plan and immediately start generating leads. And at the same time, in essence, you should start spreading word wide, far and frequently about your private lending program, and work on cultivating good personal relationships with those prospects, so it will all come together for you.

A Recent Story…

This kind of reminded me, just this past week, one of our students –Butch out of Texas – we did a case study on him a few months ago. He had run out of his own funds to use in his deals, but he had a great deal under contract.

So Butch joined up with us. We helped him through the process to find private money to close that deal.

He just e-mailed me this past week. He calculated the net profits, brought all of his numbers together, and in the end Butch made over $30K on that one deal. He said it’s the most he has ever made on any deal up to now. Congratulations, Butch for taking action!

Bottom Line…

Go as fast and hard as you can to get your phone ringing with seller leads. Start that marketing plan, and at the same time, go ahead and start building those private money relationship, so you can actually close those deals and make the big money just like Butch did. In the meantime, you’ll learn a heck of a lot and might even wholesale a few, nice and easy like!

And hey, if you have any questions or comments about any of this, just reach out. We’d love to hear from you. Just send us an email to support@privatemoneyblueprint.com.

So, here’s what you need to do:

1) Get the free version of Daniil’s deal evaluation software ($97 value)

(when you sign up for the free software, Daniil will send you an email with the download link… also, fyi, he has a “premium” version of the software that he’ll tell you about, but you don’t need to buy it to analyze deals and participate in the live demo training)

2) Watch the video below!

As a bonus, you’ll also learn how to use the “Max Offer Calculator” and how to evaluate multiple exit strategies in seconds! Get your free software and get tuned in now!

Join the conversation! Let us know how the Deal Analyzer software has helped you and your business by leaving a comment below.

Hello Patrick and Trevor,

Hope you are doing good! I wanted to share this with you!!!  This one will blow your mind!   I did an auction to sell my property. Didn’t get the buyers in the price range I’m looking to get, but the day after the auction a straggler came by.  I decided to let him look at the house anyways.  He was very impressed and knew he couldn’t afford it but wanted to know how we could. So I told him all about REI and how we’ve made so much money in RE.  He was convinced he has to get into REI right away.  I asked him to be an intern, and he’s willing to do it!  AND, better yet, he wants to start earning money NOW as a PML and has …. $300-400K (to start with) to lend in a PML while he’s learning, then we’ll JV together!!!!!   ***JUMPS UP AND DOWN CRAZILY SCREAMING***  Ok, containing myself…

I wanted to let you guys know: this opens SO many doors right now!!! I’m like a kid in a candy store.

Sincerely,
Tammy
Zion Properties

Congrats, Tammy! We love hearing the success stories!

To get access to the same training, templates, tools, and support as Tammy, join the PMBP family.

If you have any questions we can help you with, let us know.

- Charity Akers, Chief Member Experience Gal

**These results are not typical. The “average” person doesn’t take any action and therefore, gets no private money.

The fear of falling and the fear of loud noises. All other fears are learned… therefore can be unlearned.

Is FEAR getting in the way of your success?

• fear of contacting a seller
• fear of looking like a newbie
• fear of making an offer
• fear of rejection
• fear of paying too much for a property
• fear of underestimating the rehab costs
• fear of overestimating the ARV
• fear of _______________ (fill in the blank)
• (and the biggie!) fear of failure

Well, I came across this video where Jonathan Fields shows you how to disempower your fears…

… once and for all.

The entire lesson is distilled down to 3 simple but powerful questions.

This is life changing stuff.

Let me know what you think in the comment area below.

- Patrick

We sent out an email recently to let members know that we’ve decided to release the recordings… and check out the email that attendee Les Goss sent us…

That’s awesome Les… $550k… WOW! Thanks for sharing.

It’s amazing what can be accomplished when you take action with the “getting the money” training.

Be on the lookout soon for info on how you can get your hands on the full 3 days of no-pitch training…

… and hopefully you’ll be sending us YOUR success story soon!

Have a great day!

- Charity Akers, Chief Member Experience Gal

**These results are not typical. The “average” person doesn’t take any action and therefore, gets no private money.

Whether you’re a beginner or seasoned veteran, you have to handle this objection.

I shared this with our attendees at last year’s epic Getting the Money Bootcamp and they loved it!

Enjoy

If you have a question, toss it in the comment area.

Let me know how I can help you.

- Patrick

P.S. – Join the conversation and leave a comment before you go. Thanks.

Alrighty, a big debate across people is… “pretty marketing” vs. “ugly marketing”.

Now, I’m not talking about “ugly” tactics or non-ethical stuff… I’m talking about ugly looking marketing materials… i.e. – stuff that doesn’t look pretty

Well, I can attest personally that “ugly – ghetto” looking marketing tends to work pretty darn well in many cases… and in this video I’ll dive in and show you 2 actual “ugly” postcards for finding absentee owners, and 1 “ugly” letter for absentee owners.  In it, take notes on the 2 distinctions that make “ugly” marketing work… then test ‘er out in your business to see if you get better results   (push play to start the video. Its about 20 mins… but you’ll enjoy ‘er)

Click here to view the embedded video.

Link mentioned in video: 

http://www.privatemoneyblueprint.com/automation

* As I mention in the video, all of those marketing templates, post cards, letters, campaigns, private lender leads, free websites, the lead flow organizer, comp checker, “offerbot”, and everything else are in the new Freedomsoft 3 software… and they dropped the upfront fee for the software (which was $997 – $2997)… now you just pay the monthly maintenance fee of as little as $97/mo for everything… w/ no contracts.  Really solid program which is why I showed you those marketing pieces inside the software… I love their style and know they work.  Check ‘er out

Oh, as a bonus that I don’t mention… if you do register for a Freesomsoft 3 account through our “affiliate” links on this page… they give us credit and a small commission for making the referral. However, we want to pass along the goodness and offer you one of two programs for free:

Either…

PMOD (Private Money On Demand) - Sells for $97 every day… here’s the details on PMOD: http://www.privatemoneyondemand.com

or…

CSI (Certified Strategic Investor) - Sells for $97 every day… here’s the details of CSI:
http://www.certifiedstrategicinvestor.com

You can choose one of those programs above for FREE if you register through Freedomsoft 3 through our links on this page.

Have a great week and weekend!

- Trevor

PS – As you know, there are some great resources out there and some really crappy resources. We pass along the ones to you that we truly feel are worthy and can help certain people either drastically automate things, cut the learning curve, and have better long-term results in life and real estate. Freedomsoft is one of those resources… if you’re a wholesaler its worth looking into.

PPS – In 2010 when Freedomsoft released their 2nd version of the software… we filmed an updated video review of their system. If you want to check it out, here’s the link on our blog: Since then they’ve added private lender leads, more websites, the “offerbot”, and more… but, that’ll give you a good idea of the overall look/feel and comprehensiveness of the software. Enjoy

I remember meeting one of my private money lenders here. He overhead me talking on the phone, struck up a conversation, and BOOM!

Not only did he lend me private money, he referred two other people to me who became lenders.

When I got started though, I fumbled and stumbled my way into getting private money, did a lot of things wrong… but tweaked my approach, my technique so that other people would ask me for more info on my private lending opportunities.

I reversed the private money equation!

Instead of selling people on lending me their money, I say and do things in certain ways to get other people asking me to lend me their money.

Wouldn’t that be nice?

Well, it’s pretty darn simple when you implement these two ninja techniques in the videos below…

Good stuff, ehhh?

So what questions do you have? Thoughts?

Join the community here at PMBP and leave a comment before you go.

- Patrick

Maybe it’s…

• Calling your first seller
• Making an offer
• Meeting with a private money prospect

Whatever it is… it’s time to stop procrastinating and start making money!

The “Negative Motivation” Technique

I got an email from one of my Platinum student partners, Heather, a couple days ago who FINALLY was able to stop procrastinating on setting up her first private money appointment. It was the one thing that she knew she needed to do, she knew it was the next step in building her business… but it frightened the heck out of her.

Enter the “negative motivation” technique… which I first learned from Unstoppable Confidence, by Kent Sayre (awesome book btw!).

Here’s how Heather used this technique to break through her fear and get her first appointment…

She attached a “negative motivation” of a monetary fine ($30 bucks paid to her son at the end of every day that she didn’t hit her private money appointment goal)… and that was enough to push her over the edge and set up 4 presentations the first day she implemented this.

Whoohoo!

So, how do you put this to work for you?

1. what have you been procrastinating on more than anything else?
2. determine what “negative motivation” you’ll use to force youself into action (doesn’t have to be monetary… could be not being able to watch a big game coming up with your favorite sports team or whatever would motivate you to get off your butt and into action)
3. get someone to hold you accountable

There ya go… that’s a simple technique that you can implement today… so STOP procrastinating and start making money.

Leave your thoughts, questions, comments below.

Happy Investing!

- Patrick

And again we say, getting private money is easy! But this time, you can hear it straight from one of our members.

Check out this email Patrick received from PMBPer Tim Ryan:

So not only was it easy to get one deal, but Tim got TWO!

We’re not saying there isn’t work involved in finding private money, because there is. But if you’re willing to take action, with the right tools and systems, it becomes easy.

Interested in getting private money for your deals?

Check out the Private Money Blueprint (the whole shebang on finding private money), or Private Money on Demand, which teaches one specific private-money-getting technique – how to find private money through public records.

Let us know if we can help ya with anything

- Charity

Head of PMBP Member Experience

**These results are not typical. The “average” person doesn’t take any action and therefore, gets no private money.