Advanced Private Money Training: The “Diagnosis” Technique

March 24, 2011 | By | 16 Replies More

private-money-diagnosisAlrighty, I have a new video for ya… an advanced private money getting technique.

Just like a doctor diagnoses his or her patients, you should be diagnosing your private money prospects.

In this tutorial, you’ll learn not only “why”… but specifically how to diagnose your prospects and get more private money more easily.

Average investors who try to get private money (key word “try”) don’t do this… which adds to the reason that they’re average.

Check out the video below to learn the “diagnosis” technique…

Makes sense, doesn’t it?

Now that you know the power of the “diagnosis” technique, it’s time to put it to work for you.

Toss your questions, thoughts, whatever is on your mind in the comment area below.

Happy Private Money Getting!

– Patrick

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Category: Real Estate Investment Financing Strategies, Tips and Tricks

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Comments (16)

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  1. Nlpnh says:

    Hi Patrick great stuff! Currently I have not done a deal as of yet. When I am meeting with private money lenders and they ask me what my experience in real estate. What should I say?

    Mark

  2. Nlpnh says:

    Hi Patrick great stuff! Currently I have not done a deal as of yet. When I am meeting with private money lenders and they ask me what my experience in real estate. What should I say?

    Mark

  3. Alsalmonjr says:

    HOW DO I CONCEAL MY___ ___________DEALS ?_____________

    Patrick, I have a wholesaler that has some very super cheap deals across the USA. I want to sell these to other wholesaler across the USA. But as you know Most all of them do their do diligence using the mls or other web based search engines.
    I don’t want anyone to learn were I am getting my super daels . Becouse you know Human Nature .They will cut me out of all future deals.
    So , How do I conceal my DEALS ?
    [email protected]

    • patrickriddle says:

      Good question…

      The way that I run my investment business, when I come across a great deal, I put a contract on the property. On most of my deals, I work with non-listed properties where I can negotiate directly with the seller, get control of the property with a contract, then market it to other investors.

      Another thing you could do would be to get an attorney to draft a non circumvention agreement for you, get the wholesaler to sign it, then start passing deals by them.

      – Patrick

    • patrickriddle says:

      Good question…

      The way that I run my investment business, when I come across a great deal, I put a contract on the property. On most of my deals, I work with non-listed properties where I can negotiate directly with the seller, get control of the property with a contract, then market it to other investors.

      Another thing you could do would be to get an attorney to draft a non circumvention agreement for you, get the wholesaler to sign it, then start passing deals by them.

      – Patrick

  4. Alsalmonjr says:

    HOW DO I CONCEAL MY___ ___________DEALS ?_____________

    Patrick, I have a wholesaler that has some very super cheap deals across the USA. I want to sell these to other wholesaler across the USA. But as you know Most all of them do their do diligence using the mls or other web based search engines.
    I don’t want anyone to learn were I am getting my super daels . Becouse you know Human Nature .They will cut me out of all future deals.
    So , How do I conceal my DEALS ?
    [email protected]

  5. Dave says:

    Great analogy on how to “examine diagnose” prospects’ needs and cater “treatment” (investment opportunities) to their needs. Being an REI and a Physical Therapist, I especially appreciate this one! ;)

    • patrickriddle says:

      Glad you liked it Dave. It’s really powerful when you “diagnose” your prospects in all parts of your biz.

      Hope things are going well for ya.

      – Patrick

    • patrickriddle says:

      Glad you liked it Dave. It’s really powerful when you “diagnose” your prospects in all parts of your biz.

      Hope things are going well for ya.

      – Patrick

  6. Dave says:

    Great analogy on how to “examine diagnose” prospects’ needs and cater “treatment” (investment opportunities) to their needs. Being an REI and a Physical Therapist, I especially appreciate this one! ;)

  7. RJO says:

    I think you’re an incredible salesman (necessary and admirable) which is key to you having the success you have.
    Do any of your private lenders know about your program, blog, etc.? And if so, what do they think about it?

    • patrickriddle says:

      Hey RJO, thanks for the kind words.

      Yep, as I started my blog and began sharing my private money system with other investors… I let my private lenders know.

      It’s added another layer of credibility for me… which always helps.

      – Patrick

    • patrickriddle says:

      Hey RJO, thanks for the kind words.

      Yep, as I started my blog and began sharing my private money system with other investors… I let my private lenders know.

      It’s added another layer of credibility for me… which always helps.

      – Patrick

  8. RJO says:

    I think you’re an incredible salesman (necessary and admirable) which is key to you having the success you have.
    Do any of your private lenders know about your program, blog, etc.? And if so, what do they think about it?