Dec 10
1
by Julie Broad
All right … so I know I promised to share the Private Money Blueprint Winner with you yesterday but I was having so much fun with all the comments on the last post about money NOT being your biggest obstacle I decided to delay one day. Plus, if you’re a Rev N You newsletter subscriber, you already know who won! Our subscribers get the inside scoop you know!! 
Regardless, I am going to make it up to you because I have three super duper awesome things to let you know about even if you aren’t the lucky winner … and not to worry if you spent all your money on Black Friday or Cyber Monday or just hiring people to do crazy things for you on Fiverr.com … because all three items are totally awesome AND totally free. Yep!!! No cost to you … so make sure you read this whole post so you catch them all and pick the ones that are right for you!
Making Dave Mad & Why Private Money Rocks
Dave was not a happy camper this weekend. He was working on a little deal (little relative to most of the ones we work on) and all he needed was a mortgage from the bank for $75,000. We’re putting 50% down and financing the other half … or at least that was our plan … until the bank asked for every possible document on every single property we own, proof of all other sources of income, and the past 3 years income tax statements.
We pushed back on that issue and got them to accept bank statements for each property instead. Then they came back and said they would only consider the properties we own in our personal names not the ones we own in our corporation. Don’t get Dave started on that issue … it drives him to rant non stop.
We receive letters from our Acura dealer saying that we’re pre-approved for a car – a depreciating asset – of nearly the same value at 1.9% interest simply because we’ve been good customers. We want to buy a piece of real estate with 50% down and we are basically being spit on.
It’s absolutely ridiculous but it’s also an example of just how hard it has become be to deal with the banks when your primary source of income is a portfolio of properties …
Thank goodness we’ve mastered the art of finding and using private money for our deals … because ultimately … if we choose to move forward with this purchase, that will be how we finance it. The banks can upset us but they do not stop us. And we can really thank the Private Money Blueprint for empowering us to be private money magnets!!
And for that reason we are SO pumped & pleased to be giving away a copy of the very program we still use, to this day, to find, present, and structure our private money negotiations and deals. This program (and Patrick Riddle, one of the guys behind the course) has helped us tweak and perfect our message so most of the time we now have more money coming our way than we can use. We are actually turning some would-be lenders AWAY. And we owe that to using and applying the tips and tools in the Private Money Blueprint.
Winner of the Private Money Blueprint:
And if you’re Kristi Wareham, you’re getting a copy sent to you for FREE!! You’re winning a copy of this awesome program simply because you took the time to vote for Julie in the Battle of the REI Blogs last month.
Presentation Template for Getting Private Money & Other Private Money Tools:
For everyone else – we want you to be winners too – so we have a copy of Patrick Riddle’s Power Point slides for presenting to private lenders. It’s the very same template we used to find the words we needed to speak confidently to our potential private lenders. And you can get a copy right here … all you need is your email address.
Free Real Estate Training
Ok – that’s already pretty cool – but I also wanted to let you know that I am the guest speaker on a webinar for CanadaREIC Thursday evening. I’m still finalizing the presentation because I just got some new ideas I thought I would share … but the presentation is on 3 Secrets to Finding Under-market Deals that Attract Awesome Tenants. Bonus marks to anybody that logs on the CanadaREIC site and says you’re attending because right now it says only 2 people are coming!! I know that is not true – there are AT LEAST 5 people planning to attend – but it would make me feel better if more people were willing to admit it publicly that they are going to join us on the webinar Thursday evening. 
Also … in three weeks the super Shae Bynes is hosting a free training session to give back to her blog readers. She is going to be sharing some of her private money secrets. The very secrets that she’s been using in the last few months to rock and roll with real estate investing and secure hundreds of thousands of dollars in private money to finance her deals. Now … if you want to join the call you have to be subscribed to her newsletter list to get the details. So get over to her website and sign up for her newsletter. I’m pretty sure you’ll love her and I know she’ll make it worth your time to learn how she’s finding private money in her neck of the woods in South Florida.
Ok that’s it folks!! We’re counting down to Mexico … our vacation begins on Sunday … but not to worry … you’ll hear from us again before we leave and I’ve got some cool stuff lined up for you while we’re away! Hope to see many of you online Thursday evening!
