Flip This Wholesaler

Hi Everybody!

Sorry I’ve been such a bad blogger lately.  I’ve been busy working on the ebook, which should be ready to go a week from Monday.

Once that’s finished up, I’ll be able to get back to posting more than once a week..

Anywho, I put together another Reader Mail video for you guys last night.  Hope you enjoy it…

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P.S.
If you haven’t already subscribed to my YouTube channel, you can go here to do so.

Hi Guys/Gals…

Today’s post is being brought to you by Patrick Riddle of Must Know Investing.com.

Patrick and I recently connected through the blogosphere/internets, and I thought you guys would like his down to earth approach to wrastling up some private money for your real estate deals.

He put together a great video that I think you all will enjoy..

Pull up a chair, and please give him a warm welcome.

Thanks for putting this together for us, Patrick. 

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First off, I’d like to say “Thanks!” to Stephani for inviting me to Flip this Wholesaler to do a guest post. As a fan of this fine blog myself, I’m glad to be here.

If you don’t know me yet, I understand… it’s probably because I’m not one of those “big gurus” out there. I’m just a regular dude that figured out the secrets to getting private money… the secrets to having an unlimited source of funding for your real estate investing needs… to the tune of getting over $6 Million in cash in private money since I started investing.

Let me ask you a couple quick questions…

Have you ever lost an incredible deal because you didn’t have financing? If so, how much do you think that cost you?

When was the last time that you were beaten out by a cash investor? If it hasn’t happened yet, it’s bound to happen sooner or later…

Did you know that to take advantage of the HUGE opportunity in short sales and REOs, you need cash to purchase them?

Everyone knows that Cash is… come on say it with me guys… Cash is KING!

Once you learn how to get private money for your deals, once you’re in control of the cash, there’s nothing stopping you from closing as many deals as you want.

That’s why I’m here today. To help you get in control of the cash.

I shot a little video to teach you the “right” way to go about getting private money. Most investors go about it all wrong… and if that’s been you… if you’re struggling to get deals financed … you’re in luck.

Real quick before we get to the video, the answer is “yes”… I do have a system that I sell… it’s called the Private Money Blueprint. BUT that’s not why I’m here today. I’m here to teach you a simple technique to put you on the fast track to getting all the cash you need to operate in today’s market.

Hope you enjoy!

Sooooo now that you learned the private money basics, the truth behind lender luncheons, the biggest mistake you MUST avoid to get private money, and… the one and only… Half Minute Private Money Hook… what now?

I’ll tell you what now!

Take action! Get out there and spread the word about your private lending program and use the Half Minute Private Money Hook to do so…

Hopefully, I’ll be back in the future to share some more private money tips with you guys.

Catch you later…

~ Patrick Riddle

P.S.
To learn more about me, check out my creative real estate investing blog.

P.S.S.
Please feel free to leave any questions that you have in the comment area. I’ll be dropping back by to answer them.

P.S.S.S.
I really just did this whole P.S. thing so that my guest post was in true “Stephani Style”… how’d I do?

Hey Guys!

I’ve got another Reader Mail video for ya.

This one is all about REOs and earnest money deposits….

Enjoy!

6/29/09

So, I got a call over the weekend from a wholesaler in Tampa who is just getting started wholesaling REOs. He saw one of the ten million signs I have plastered all over the place, and called me to see if I could help him out. Basically, he just went out and started making offers on REOs without really knowing what he’s doing- kind of a “ready, fire, aim” approach. Well, he ended up getting a property under contract at a REALLY GREAT price, and after finding out that he couldn’t assign the contract, he was ready to just back out of the deal because he didn’t have the funds to close on it himself. So, he was calling me to tell me about the deal, and to see if he could just get a bird dog fee from me if I ended up contracting it and selling it.

My first question to him was- “Why don’t you just do a simultaneous closing?” And his answer was- “There are no title companies in Tampa who will do them. I was told they are illegal.”

He told me he called every title company he could find, and that not a single one of them would do a simultaneous closing.

As you guys know, I do all of my closings using a simultaneous close, and I know of four title companies in Tampa who will do them. Actually, make that five. I just thought of another one.

I know I’ve written about this before, but I just wanted to once again emphasize that the best way to find an investor friendly title company in your area is to ask the active wholesalers who they are using. If you whip out the Yellow Pages and start going down the list (that’s what he did), you are most likely setting yourself up for a healthy dose of rejection!

Now, I know you are probably thinking to yourself, “That makes sense, Steph, but how in the hell do I find wholesalers in my area? I’m a newbie and I don’t have any connections yet!”

My first suggestion would be to head on over to RealEstateInvestor.com, sign up for an account (it’s free), and start NETWORKING! You can even do a search for wholesalers in your city. I just did a search for wholesalers in Tampa, and this is what I came up with. Do you think that one of those 37 people might be able to help you out if you sent them a message asking for a title company referral? It doesn’t get much easier than that!

If you don’t find what you are looking for on REI.com, you can also search Facebook for real estate groups in your area. I just did a search for “Tampa Real Estate” on Facebook, and got 500 different results…

You get the picture, I think…

OK, gotta run. Literally.

Happy Monday, Blogosphere!

P.S.
You can also search those sites for BUYERS!