“A Borrower Is A Slave To The Lender”
Thank you for listening to this highly informative podcast that will help you debunk some common myths, shatter ridiculous misconceptions and help lay the necessary foundation for building a successful real estate business. If you are here looking for the magic pill for instant riches, I can save you the time of searching since you wont find it here. This podcast is for those who are ready and willing to work hard and simply need a few ideas, tips and strategies to implement in their business.
In this episode, I discuss how we were able to raise millions of dollars in private capital and just exactly how to apply this to your business, where you can begin to find these sources, position yourself and offer your ability to give safe returns, offer excellent security, great collateral and what every lender (including yourself) wants from a borrower.
Turn off your distractions, grab a pen and paper along with your favorite beverage and take some notes, write some questions, doodle some strategies and review the resources so you can implement these ideas into your business and begin getting the results you deserve.
What You Will Learn In This Episode.
- What Every Seller (Including Yourself) Wants When Loaning Money
- The Three Major Components You Need To Give Lender Confidence
- The One 5 Letter Word That The Components Lead Your Lender
- Relationships To
- The One Place Where All Lenders Hide Out And Just Exactly How You Find
- Them and Open The Door For Conversations
- How The Phone Calls We Have Daily Could Open Up Doors To The Lowest
- Rate, Longest Term Flexible Financing You Never Knew Existed
- How The Very Buyers Who Are Co
- How To Position Yourself To Stop Wholesaling and Start Borrowing
- Why You Never Ask For Money and Why You Should Do “This” Instead
- Three Real Life Lender Case Studies That We Directed To Begin Lending On
- All Of Our Real Estate Deals
- Plus Several Other Ideas, Strategies and Rants That Can Help You Raise
- More Capital or Land Your First Private Lender
Quotes To Live By (Click To Tweet)
[tweetthis]“He Who Holds The Gold Makes The Rules”[/tweetthis]
[tweetthis]“Cash Is The Lazy Mans Way To Riches”[/tweetthis]
Resources From This Podcast
Relationships That Pay Podcast – This podcast was an interview with “Pete”, our lender and mentor who sold us the majority of his portfolio, referred leads we could have never discovered on our own, introduced us to all the “good ole boys” around town and taught me so much about human behavior, psychology and how to be a better real estate investor. Take a peek inside the mind of a successful, underground real estate developing legend, Pete Mancour.
How To Raise Private Money For Your Real Estate Deals – In this episode we break down the complex world of raising private money and make it simple. By getting into the mind of private money we are able to provide security in an economy that seems to operate like the wild west. By educating them on their money growing options we provide real, tangible results to taking control of their financial future. This podcast will give you a complete understanding what lenders want, how to position yourself to get a “YES” and the do’s and don’t’s of raising private money. We will also take you through the process of converting two of our lender relationships and how we positioned ourselves to begin borrowing money and a few easy to implement action steps to help get you prepared for your private money meetings.
Copy of Mortgage – This document is to be used at your own risk and you should consult with an attorney before you consider its validity and ability to protect. We assume no risk or legal liability for you accepting this document. Copy of Promissory Note – This document is to be used at your own risk and you should consult with an attorney before you consider its validity and ability to protect. We assume no risk or legal liability for you accepting this document.
Copy of Promissory Note – This document is to be used at your own risk and you should consult with an attorney before you consider its validity and ability to protect. We assume no risk or legal liability for you accepting this document.
2.11: The mind of private money
3.35: We never ask for money….we offer
5.34: Having some sort of collateral and some personal Insights
9.54: What’s the point of having a personal promissory note?
12.52: Some of the tactics we teach our students
15.09: Lender service – The why’s, Do’s and Don’ts
16.59: What our lender service is in a nut shell
22.39: So many lenders are skeptical, so you need to create trust
26.13: The power of the title companies
27.37: How to leverage yourself when you are new in the business
33.56: Doing business with integrity
35.33: Genuine, authentic, transparency
38.17: Direct money from sellers
38.51: Cash is the lazy mans way to riches
40.23:The reason why the owner financing model is so powerful
41.20: Why someone would sell a property and be willing to stay in the financing
41.57:The question you should learn to ask
43.40: Erik’s rant
47.06: How everything changed when we stopped dealing with cash
51.55: What we call the bank of us
52.21: Direct money from your buyers
57.20: Our big Ah-Ha! Moment!
1.03.04: Two ways in repositioning yourself
1.03.44: Two personal stories – “How 2 buyers in 2 different circumstances became lenders”
1.13.56: Must hear podcast “Relationships that pay”
1.20.55: Where to find us
Follow Us Online At https://www.instagram.com/realestatehacks/
Request an Invite to Join Our Facebook Live Discussions at www.Facebook.com/groups/facelessleaders Did you enjoy this podcast? This is just one of the manystrategies we discuss in our annual mastermind and with our one on one coaching students. If you would like more information about how to increase your lead flow (and spend less doing so), improve your lead conversion (and eliminate unqualified leads), learn how to maximize your deals (for bigger profits), make big money with small lists and simply do bigger deals with less headache and live the real estate investor lifestyle, here are five simple ways to get the laser focus of investors who have walked the path before you and can show you a few ideas that worked well for us and are guaranteed to give you great results.
Get Featured On Our Podcast - Are you a Faceless Leader with a passion for giving? Want to share your story of struggle or success with the Real Estate While You Drive community? Consider being featured on an upcoming episode where we'll dig deep to discuss whats working, whats not, discovering your entrepreneurial uniqueness and how to achieve greatness through real estate. Simply go to www.RealEstateWhileYouDrive.com/Give-back
Al La Carte - Do you have a pretty good handle on your real estate business yet could use some occasional guidance, motivation or negotiation strategies? We offer the opportunity for one hour focused time blocks to discuss your current situation or opportunity. These calls are based on your specific needs and can be used at your discretion. Call requests are usually set up within 48 hours. Email request can be sent to Erik@TheRealErikStark.com
Annual Mastermind - Are you looking to be a part of a small group of investors that have figured out whats really working? We work with a small group of investors throughout the year. Typically less than 15 at a time simply because we still run a full time business and there is a lot of work that goes into creating content and action plans for those who want to get to the next level. This is not open for new investors. You must be operating a minimum six figure annual business. Register for our next mastermind right here. (www.SelfManagingFreedom.com) One on One - There is no one size fits all glove that will teach you real estate. Truth is no coach can help anyone if they don't know where they need the help. Work with US (not some assigned coach) to hone your skills, determine target markets, create marketing pieces that stick, learn how to convert sellers, increase property values, understand zoning, how to assign for larger paydays (our smallest assignment in the last 3 years was $25,000, up to $85,000). We can take you from where you are to where you want to go. You must be operating a minimum six figure annual business. Six month commitment (although most stick with us for a few years leaving few openings to join) Apply For One on One Monthly Education Right Here. For more case studies forms, downloads, reports, mind maps and free resources you can use right now to make money in your business just visit http://therealerikstark.com/resources/