What is that magic ingredient that gets a private investor for real estate to say “YES?”

Patrick Riddle of Private Money Blueprint raised over $2 million during the recession.

Maybe you mentioned your private lending program to someone. They were enthusiastic about it.

They said, “Sure, I loved to hear about these opportunities.”

But when the time came and you called them up, what typically happens?

Did they find the deal?

Often time not.

Why not?

What is that magic ingredient that gets your prospects to “YES?”

Robert Cialdini  wrote in his classic book Influence the Psychology of Persuasion, “Human beings are far more motivated by the potential of lost than by potential the gain.”

What does this mean?

It is the principal of scarcity. So how can we use this information in our real estate investment businesses?

2 Ways To Use Scarcity with Sellers, Buyers, and Private Money Lenders

• Limit the time.
• Limit the number.

Any offer that you make with a seller, there is going to be certain time that your offer expires. Make sure to press during negotiations that once that time frame expires, the offer is no good and no longer on the table.

Make it scarce. Take it away.

With a seller you could say, “Mr. Seller, just want you to know that we are only going to be buying one or two more properties this month.

“So if you call back next week and we have made our goal, we may let you know that we can no longer buy your property. Just want you to know that, so the sooner you let us know, the better.”

How can you use the principal of scarcity with buyers?

You all have heard this before, but have you ever done it?

Have all potential buyers view the property at the same time. It isn’t easy thing to do. But that’s what we are doing here the principal of scarcity, because your house become the scarce resource.

Give it a try.

Put your marketing plan together and then as the leads come in for a week or two, however long you want to wait. Set up a time schedule. Tell all your leads that you can show the property between 9:30 and 10 am Saturday morning.  Have 10 people show up and watch the principal of scarcity do it’s magic.

What about a private investor for real estate?

Use a time limit.

When you are following up with your prospects, you could say, “Well Ms. Private Money Prospect I want you to know that this great investment opportunity here. We are going to have someone on this deal to find it. We are going to have an investor to line up to find this by next Wednesday. So if you interest you want it to let us soon.”

Use a number limit.

You could say, “Ms. Private Money Prospect, we’re only looking for less than five highly qualified private lenders to bring in our company. So once we have added them to our team we will close out this opportunity.”

So that is how you use the principal of scarcity with buyers, sellers, and private money lenders.

If your interested in multi-family investing check out my new video.

Here’s the link: http://www.InvestmentRealEstateCorner.com/go/irec-get2yespost-get-the-money/

Let me know it how works out for you.

About the Author: Patrick Riddle is co-founder of Private Money Blueprint. He explains that success is not typical becomes it involves hard work most people won’t do.

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Online public government records research is the easiest way to learn how to get investors. When I followed the step-by-step videos created by Patrick Riddle, my assistant and I identified over 65 private investors in Florida. Check out the video below.

 Watch Video Sneak-Peak on How To Get Investors Using Public Records

 What Is It Called?

Private Money on Demand

Who Created It?

Patrick Riddle of MustKnowInvesting.com

A Great Resource To Find Private Money Lenders?

Have you ever heard someone say? “You have to have money, to make money.”

That is absolutely false.

You need only one thing to get started…

Private Money on Demand will help you find potential “friends” who have private funds to lend in real estate. How will you know they want real estate?

1. Patrick Riddle’s private money on demand will show you how to get investors who have recorded mortgage deeds.
2. These deeds are uploaded to government websites by title companies.
3. These government websites are available to the public.

As a member of “the public,” you can access the records now. Private Money on Demand shows you the “how” and “where.”

Who Else Knows How To Get Investors?

I interviewed Shannon Bynes when she started full-time real estate investing.You can listen to my interview with her on how she stop relying on hard money lenders in Florida.

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Raising money in different currency exchanges is very profitable.

Raising money for a business is the most challenging work by an entrepreneur. It needs a lot of hard work to start-up a business. If you have debt to pay off, you can take help of debt resolution options so that it doesn’t come in your way of starting a business. Take a look at how you can raise capital for your business. 

5 Ways To Raise Capital for Businesses 

There are many ways you can raise capital for your business. Check out how you can raise capital for your business without incurring debt: 

1.Save more than before : Fortifying your savings account can be the best way to raise money. Before you think of doing any sort of business, you must strengthen your savings account so that you can use the money for debt resolution options as well as use the money to capitalize your business. To make your savings account strong, you need to change your lifestyle and live frugally. By frugal, it’s meant that you must try to cut down unnecessary expenses and try to spend your money on important things only. Make a list of what you need and what you want. The things you need have to be bought first and the things you want can wait a bit. 

2.Work for extra : As the economic conditions are not that good, you need to have extra income to support your plan to start a business. Do you get salary for working over-time? Then work more. But if you’re not paid for working over-time, you can work elsewhere to earn some extra money. There are a lot of online jobs such as writing content, blogging and affiliate marketing. But if you’re not comfortable with working online, you can start your own tuition classes and teach students. You can also start earning by baby-sitting, dog-walking and many other things. 

3.Having a garage sale : If you have a garage sale, you can easily get money selling off old stuffs as well as have fun. There are a lot of old things that take a lot of space in our store-room. Clean up the store-room and you’ll get a lot of things in their working order. If you get an old clock in working condition, you may good price for it. Antiques have a lot of price. If you have a lot of antique stuffs, you can sell them off to an antique dealer and get a good price for your items. 

4.Take out a loan : Banks loans are great way to raise capital for your business. If you take out a loan to start a business, you can easily start a business and then pay back the loan when your business gets you better returns. But to take out a loan, you need to have a good credit score. For that you need to pay off any debt you have with the help of debt resolution options available so that when you start a business, you only have the bank loan to pay back and nothing else. 

5.Venture Capitalist to boost your capital : Apart from the points above, you may seek a Venture Capitalist. These are people or companies that pay for your business start-up in exchange for a partnership in your business. There is an advantage that you may get help from the Venture Capitalists extensive network and help enhance your business strategies. If the VC is experienced, you may also get ideas from him to increase the profits from your business. But you may have to consult for everything with the VC and tell him about every change you make in the business. 

These 5 points will help you raise capital for your business. If you have any wish to start a business, prepare for it beforehand so that you have enough money to put in your business. 

About the author : Ryan Smith is a contributory writer associated with the Debt Consolidation Care Community and has written several articles for various financial websites. He holds his expertise in the Debt industry and has made significant contribution through his various articles.

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Click Here to Listen [28 min - 25 mb]

After reading about Bernie Madoff, and how he constructed the longest running Wall Street Ponzi Scheme in History, I’ve decided to learn more about becoming my own bank.  For 6 months, I went through training webinars and conference calls on something called Self Directed Investment Retirement Accounts.

For those of you from St. Louis…

Remember that twitching in your eye the last time you open your quarterly statement from Edward Jones? Remember, that four letter word you almost said because your stock portfolio still hasn’t done squat after 7 years?

With a self directed investment retirement account; ultimately, you only can get mad at yourself or give that beautiful person in the mirror a high five.

You have complete control of where your money goes, you can even convert a 401K to Roth IRA. From gold, oil, businesses, real estate and beyond, with a self directed investment retirement account, you become the bank.

You’ve heard of Bank of America, correct?

Well, I’m the Bank of Kendall.

Why don’t you become the Bank of (Your Name Here).

To get a non-sales pitch overview, I recently interviewed my friend Michael Starkey, my Costa Rica sales partner, to discuss how self-directed investment retirement account works from his perspective.

Conversation with Michael Starkey – KJAM Radio Show Notes:

• How did you learn about Self-Directed IRAs
• Explain the pro’s and con’s with utilizing a Self Directed IRA for RE investing.
• Can an IRA invest in International Real Estate
• What Are 3 Questions Someone Should Ask Before Rolling Over a 401K

Click Here to listen to the Michael Starkey interview. Enjoy!

To Learn more about for Maximum 401K Self-Directed IRA Investing visit:
Guidant Financial and they will send you free information cd

Moving Forward,

www.InvestmentRealEstateCorner.com – 1.888.462.3771 ext. 443

P.s. You can listen to my other shows on KJAM Radio on iTunes

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Former Guitar Player Becomes A 203K FHA Lenders’ Guru

Listen to the interview. Click arrow to listen to the show.

To find someone knowledge about 203K requirements luckily I didn’t have to go far.  A few years ago, my friend Roland Bennett in Scottsdale, Arizona finally gave up chasing refinance business and decided to specialize in this complex niche.

From his research and due diligence, Roland Bennett has became a “professor” in 203K FHA loan requirements.

Now he focuses on working with savvy home-buyers, contractors and investing real estate agents like myself; to help finance ugly houses and turn them into beautiful homes.

Conversation with Roland Bennett – KJAM Radio Show Notes:

• Background of how he got into Real Estate
• What Are the 3 Biggest  Mistakes People Make in Trying To Get Financing
• What is 203K Mortgage Financing All About
• What are The Most Important Questions Most Folks Should Ask But Don’t

I’ve been wanting to do this interview for a while and I finally was able to fit into Roland Bennett’s schedule. I’ve known Roland Bennett for years, he’s a funny guy, good golfer and has helped many folks navigate the 203K loan requirements.

What’s 203K you say?

Well, let me tell you… it another brilliant government plan… they want to give you money to fix-up beat-up FHA foreclosures and short sales… will you take there money?

What’s the catch?

7 Things You Must Know About 203K Requirements

Read this 13 page document and you will learn straight from the horses mouth (FHA – Federal Housing Authority)… what does Bill O’ Reilly say on his Fox television show “This is the No Spin Zone”, there’s no fluff — simply the facts…. read below the exact 203K guidelines.

Listen to the interview. Click arrow to listen to the show. Enjoy!

Want To Learn More About 203K Rates and How You Can Use Your IRA To Generate Passive Residual Income?

Join my free Executive-Only subscription list. If you don’t have a job, or don’t make over $100K, the properties and business deals I have available are not for you.
Moving Forward,

www.InvestmentRealEstateCorner.com – 1.888.462.3771 ext. 443

P.s. You can listen to my other shows on iTunes,  Click here to subscribe.

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