What Comes First … Finding a Deal or Funding for a Deal?

September 11, 2009 | By | 5 Replies More

I get this question from students all the time …

“What should I focus on first Patrick … finding a deal or funding for a deal?

Sooooo many beginners focus on the wrong thing when getting started. Don’t make that same mistake!

Watch the video below …

With that said, I’d like to give you some great resources so you can map out your marketing plan AND help you learn the nuts and bolts to funding your deals with private money.

BUT, before I get to that, wanted to say, “Congrats Butch!!”

You see, Butch adhered to the advice from the video and just made over $35,000. Did he have funds to close that deal when he contracted the property?

… Nope!

But, he chose to go ahead and contract the property and then find the money. That’s when Butch first contacted me. I walked him through the steps to getting private money and the rest is history.

It’s pretty cool …

Butch sent me an email about 30 minutes after he had the $35K profit in hand and said, “Now this changes everything. Time to buy more houses. ¬†All I can say is WOW!”

You got that right Butch … Time to Buy More Houses!

Find a Deal/Fund a Deal Resources

Resource Numero Uno

A free marketing secrets teleconference call for you to download.

It’s about an hour long and covers tons of different strategies that I’ve used to get my phone ringing off the hook with motivated sellers.

Click here for the Marketing Secrets Teleclass

Resource Numero Two

“How to Easily Get Private Money” VIP training area.

All you have to do is click the link below and put your email address in the box. There are several training videos, case studies, and some other cool stuff over there for ya …

Click here to access the private money VIP training area

Let me know what’s on your mind …

Did the video help? How about the resources?

Your thoughts, questions, and tips are appreciated … Happy Investing!

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Category: Marketing, Real Estate Investment Financing Strategies

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10 Hour Wholesaler

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  1. Doug says:

    Hey Pat,

    I just got done listening to the marketing audio. Great stuff! Thanks for all the awesome resources.

  2. aturner says:

    I had this all backwards when I got started. Thinking that I needed funding before doing anything held me back for months. Thanks for clearing this up for all the newbies out there.

    Nice glasses too.

  3. Patrick Riddle says:

    Glad you liked it Doug! You’re welcome man.

    Andrew … I think it holds a ton of beginners back AND lot’s of them get frustrated and quit. People need to understand that you can contract a property, use a contingency, and do your best to wholesale it or get it financed with nothing to lose. After you gone through that process a few times, it’s only a matter of time before you close one … either by wholesaling it to another investor or finding someone to put up the necessary moolah.

    … I posted the question, “What comes first … finding a deal or funding a deal” on my Facebook profile and got some interesting responses. Check ’em out below …

    “I vote “funding”…course I voted for McCain too :)” – Bobby

    “Finding the deal is first!” – Tammay

    “Find the deal first and if it is truly a deal, then you can ALWAYS figure out some way to get it funded.” – Karen

    “Funding – it makes it easy to pull the trigger on a great deal.” – Christopher

    If you haven’t friended me up on Facebook yet, here’s the link … http://www.facebook.com/patrick.riddle

    ~ Patrick

  4. Justin says:

    Granted I haven’t been through all your posts yet (it would take a long time!! :) ) but I have yet to see HOW to generate buying/lending/selling leads…

  5. victor says:

    I don’t make any deal yet, but I thing funding it have to be first. And then with money on hand you can find a deal with confidence.

    Thank You Patrick