Patrick Riddle
Patrick Riddle has been a full-time real estate investor out of Charleston, South Carolina since 2002. He got his start in college buying and flipping houses and has known no other career. Since getting started, Patrick has recruited over $6 million cash from private lenders and closed over 127 deals. In the summer of 2008, Patrick teamed up with multi-family investor and marketing expert, Trevor Mauch to create the Private Money Blueprint ""private money getting"" system. Today, Patrick and Trevor help hundreds of investors all over the country easily get private money to finance deals in today's market.
-
Private Lender Said Yes – 4 Next Steps To Close Deal
Visualize this moment: She said, “Yes!” Or maybe He said, “Yes!”You may have envisioned the big “yes” moment on bended knee, but I gotta say that a “yes” moment in the private money game comes in at a close second for real estate investors.So your lender is all in. Congrats! After all, you must have done a kick-butt job presenting to them, maybe with some helpful tips you got from my lesson on how to present a deal to a private lender where we talked about presenting the deal to your private lenders and only giving them the info they…
-
Presenting the Deal: What Do Your Private Lenders Need?
Private Money – We’re all about it. You’re quickly becoming a confident real estate investor and fingers crossed that your wallets are growing as fast as your knowledge base. Today my focus is all about what private lenders need… and ONLY what they need.Here’s what I mean….Don’t Just Play the Part, Look the PartBefore we get down to business, let me tackle the topic of looking like your all business. The importance is often underestimated, and I’m always amazed at how many “professionals” fail to look the part.Presentation matters, my friends!Show you care about yourself, your business, and the deal…
-
How to Renegotiate Your Wholesale Deal
When you’re wholesaling houses, it’s going to happen. It’s inevitable …I’m talking about getting a property under contract then being unable to find a seller for the price you want.Maybe you ran the numbers the morning after a few too many (wink, wink). Maybe you misread the market. Or maybe you simply overlooked repair estimates on the property.Don’t beat yourself up. It happens, and I guarantee it will happen. But whatever the reason, you’ve got 2 choices to remedy the situation.2 Great Negotiation Choices Every Investors Should KnowJust Walk Away: If you find yourself up against the wall with a…
-
Handling The Toughest Private Lender Objections
Has it been challenging for you to get private money for your real estate deals? After all, it can be so easy to stumble or just freeze up altogether when you get hit in the face by their #1 question:“Have you ever done this before? Have you done a deal?”But wait…don’t panic! Keep reading, because I’m about to share why this simple question can so often tangle you up. And even better, I’m going to help you out by sharing exactly how I handled this question successfully back when I was “wet behind the ears” as an investor.And let me…
-
Can You Wholesale Without ‘OPM’ or ‘POF’?
If you could wave a magic wand and make your real estate investment dreams come true, what would you wish for?Today’s investor question comes from our awesome insider, our main man, Pat, who dreams about flipping at least four deals and pocketing $10,000 a month while still having ample time for his family and crabbing hobby. Like many of you out there (and we’ve all been there), Pat’s funds are limited and his yearly income is minimal to say the least. So Pat sent me this question…Hats off to you, Pat! That’s one awesome real estate investing dream and one…
