Amp » Learning Curve Crusher: Real Life Lessons Learned From the REI Trenches

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Amp » Learning Curve Crusher: Real Life Lessons Learned From the REI Trenches

Learning Curve Crusher

You’re about to hear an open confession of the biggest, most painful mistakes I’ve made in my real estate investing biz over the years up to now — and boy, have I made some doozies.

Why spill it all out in the open like this for you?  It’s simple: So you can learn from them. To help you avoid experiencing the same scrapes, bruises and gut-punches I got.

I remember when my mentor first told me that, when you’re actively investing in real estate over time, it’s not a matter of “if” someone will file a lawsuit against you (whether a tenant, contractor, seller, lender, etc),  it’s a matter of “when”.

I read about a poll from the end of the nineteenth century in which people were asked, “If you were to get rich, become wealthy, how would you do it?”  The most popular answer… “build a business”.

The same poll was conducted a hundred years later, but sadly the winning answer had changed… to “sue someone“.

Just goes to show how the mindset of the masses has shifted, eh?

When things go south in real estate investing (and they will), unfortunately it can mean broken agreements, payments falling behind, liens, judgments, foreclosure, bankruptcy.

You’ve undoubtedly heard many stories of hardship over the last few years… from big-time investors, huge mul-timillion and billion dollar real estate investment companies, developers, banks, mortgage companies…

… but regardless of the adversity faced, there are key lessons to be learned and leveraged into your next deal, your business, your personal life.

Now keep in mind… everyone makes mistakes, period. Whether you’re brand new to the real estate game or a seasoned veteran, no one’s perfect and no one’s immune to your fair share of mistakes. It will happen.

But it’s how you choose to respond, how you react, and what you learn along the way… that makes the difference. Oh, and not necessarily making the exact same mistakes other have already made before you, and are willing to openly share — like me!

So in the video below, I get very raw, real and personal in laying out the biggest mistakes I’ve made for you — including how I’ve responded and how I’ve weathered the storms over the years. My sincere hope is that as you experience these mistakes vicariously through me, you’ll learn from them, and avoid duplicating them in your own business and life.

Watch and Enjoy…

Final thoughts…

You know, whether you’re just getting started or whether you’re doing a huge volume of deals, you’re gonna make mistakes. Everyone does, and that’s OK.

If you’ve had a deal go south or if you do in the future, don’t be surprised if someone yells “scam” or “lawsuit” your way! Unfortunately it seems hardwired into the minds of the masses these days.

But hang in there. Take the lessons I shared with you in this video, learn from them and apply them in your business and your life. And realize that, sure, there’s a fair amount of risk investing in real estate. But there’s also a lot of risk driving your car everyday, right?

Patrick RiddleWhen investing in real estate, do your best to take calculated risks, but understand that bumps and scrapes along the way are just par for the course.

Educate yourself. Surround yourself with a team of experts. Do your due diligence. Learn from other investors. Do the best you can with what you’ve got, and treat every mistake you make as an opportunity to learn something new, and become an even better version of yourself.

As for me, I’m just gonna keep moving forward. No matter how long, how hard, I will persist until…

Questions? Comments? Chime in below…

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Whoa there, partner…turns out this training isn’t quite ready for you yet. But our little elves are working on it, and as soon as it’s posted, we’ll send you an email (how nice of us!) and then it’ll magically appear here for you. Patience, Grasshopper…we’re eating the elephant one bite at a time. 🙂

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119 Responses to “Amp » Learning Curve Crusher: Real Life Lessons Learned From the REI Trenches”

  1. Lamar George Reply

    Patrick,

    Thank you so much for sharing. My biggest problem was fear and this video helped me with the mindset of don’t let fear get in the way. That mistakes will happen and that it is ok.

    I am so glad I joined this program and I look forward to be taught by you and your team. I am confident that I will make myself proud and make you guys proud. I am going to be your next success story.

  2. Darryl Mitchell Reply

    Hi Patrick,
    Thank you for this Golden lesson. I take this business seriously and I know it can change lives and my life. I want to be as open, honest, and transparent in doing my business as I can. But even with all that things still happen that don’t make sense. You just have to keep it moving and take it stride.
    Thank you again.

  3. John Hill Reply

    Thanks for your honesty and sharing from the heart. You have so much personal and interpersonal skills and integrity. To me that’s what makes your trainings so valuable. The whole business attitude/world has degraded over the past 50 years where greed, short sightedness, and lack of moral integrity dominate. Narcissistic risk taking is the norm. That leads to market instability. Young people have to trust that the elders of society know what they are doing which unfortunately they don’t. Thankfully young people like you can help to remake society in a way which improves our values and ethics. Your suggestions for coping with adversity, personally and interpersonally are spot on. There’s no way you could have seen the market changing in 2007. It was just part of your karma to endure, but how you chose to do that was up to you. Keep up the good work and I look forward to hanging with you through your videos .

  4. Derrick Rose Reply

    Patrick
    You have just given me a carbon copy of my life since 2008 meltdown, it was good to hear that you had sympathetic shoulders to help you release your stress that probably helped in your recovery and of course your determination to succeed.
    For me losing everything took the wind out of my sails and although I loved the business I just couldn’t muster enough courage to jump in and get my feet wet.
    But I remain hopeful that at some point throughout the course good things will begin to materialize. After watching the video I feel ready to take action.

  5. Tim King Reply

    Patrick, thank you for sharing from your heart.

  6. Christal Warren Reply

    Thanks so much for this video. I really appreciate your honesty about your mistakes. Keep being such a great encourager to others.

  7. Norman Robinson Reply

    I wrote everyone of these down. I want you to elaborate more of Cash flow over equity….and how to achieve that

  8. Houston Lewis Reply

    great attitude keep on pushing ..i’ll try my best not to do the same mistake but i ‘ll know that success is getting back up and staying in the real estate game until i’am a successful investor.. which is a strategy in itself…

    • Charity Akers-Greathouse Reply

      Glad you enjoyed it Houston. Keep on keepin’ on!

  9. Mary Stead Reply

    Thank you for this extremely valuable information. Yes, we all do make mistakes and a lot of times it is not our fault. Sometimes it is, but the important thing to know is what to do. I appreciate this information so much as I am prone to panic attacks and most of the time do not proceed into an area such as investing to shield myself from failure. I think having a coach/mentor to bounce ideas off of would be great. Thank you again and keep up the great work.

  10. Quincy Farley Reply

    It’s good to know that you are truly a transparent business man who tells it like it is and that no business is completely risk free, but by taking calculated risks will minimize future problems. Thanks for this valuable information and training!

  11. Mark Fulcher Reply

    Patrick,

    Its comforting to see that you truly care about other peoples success. You are right on with your statement ” Keep moving Forward “. Thank you in advance for the continued support. I have always believed in the quote from Theodore Roosevelt ” People don’t care how much you know until they know how much you care “. Thank you for caring about our success.

    • Charity Akers-Greathouse Reply

      Awesome Mark! Just let us know how we can help you om your journey!

  12. Thomas Apking Reply

    Patrick. We have all rentals and in the past have tried flips but always seem to come out even or very little profit. We have used all our cash and self directed IRA’s to purchase these properties and now looking to do wholesaling to raise cash. We purchased these properties near the bottom of the market. Torn between selling 1 or 2 to raise cash or keep the cash flow. Any thoughts on selling now. We have access to friends for private money.

    • Charity Akers-Greathouse Reply

      Hi Thomas. Patrick said that if the property you have is cash flowing, don’t sell it. Keep it and use your private money lender to get bash for another deal. Hope this helps!

  13. Nancy Koudougnon Reply

    THANK YOU FOR THIS TRAINING BECAUSE YOU ARE TELLING US LIKE IT IS
    THANK YOU

    • Patrick Riddle Reply

      Glad you’re enjoying it Nancy!

      – Patrick

  14. Dave Trevino Reply

    Thanks for covering this topic. I see these first introductory training videos as helping to build a strong base, foundation for my resl estate busines.
    Very valuable training and easily overlooked.

  15. Teresa Ethridge Reply

    GOD Bless U Patrick; I appreciate your transparency and the sincerity that has been incorporated in your videos . . .

    • Patrick Riddle Reply

      Thank you Teresa 🙂

      – Patrick

  16. Shawna Bowden Reply

    Thank you for your honesty, you may have fallen but you got back up stronger than ever. blessings

    • Patrick Riddle Reply

      Hey Shawna, thank you for joining in the conversation here and being part of your little tribe.

      Have an awesome day!

      – Patrick

  17. Fredrick Austin Reply

    Thanks Patrick for sharing your experiences in real estate investing!!

  18. Gib Decaille Reply

    Great job patrick,thanks for being honest.
    Gib

    • Patrick Riddle Reply

      Hey Gib, you’re welcome man. Glad you enjoyed the video.

      – Patrick

  19. Barbara Free Reply

    Thanks Patrick!! Well taken and well done!!!

    • Patrick Riddle Reply

      Glad you enjoyed the video Barbara.

      – Patrick

  20. John E Crews Reply

    Thanks for stating the problems we might have and giving the solutions, this will help me greatly

    • Patrick Riddle Reply

      Hey John, that’s great to hear that this training will help you greatly.

      Appreciate you being part of the tribe here.

      – Patrick

  21. LORI MCLANE Reply

    Thank you for your expertise in real estate, it is enlarging me as an investor and as professional….

    Thank again
    Lori Mclane

    • Patrick Riddle Reply

      Good to hear Lori. Thanks for joining the conversation here.

      – Patrick

  22. Sharan Coleman Reply

    Thanks so much Patrick for your transparency. Now I know you are the right person to train me for where I am at this time. I have made some of the same mistakes. I just jumped in years ago, made several mistakes using my own money foreclosures etc. I quit for years and have decided to get back in there.

    I love that you started this training off by discussing mindset. I too am a trainer. As a matter of fact, I have a nonprofit training company. And we start all of our courses with mindset. My passion is advancing and empowering others. I love helping others find their God given purpose and training them to operate their own businesses in that purpose.
    Knowing what you’ve been through and watching you share it with others was very impressive and I have the utmost respect for you. I have decided to become your ride or die pupil. Thanks again

    • Patrick Riddle Reply

      Hey Sharan, sounds like we have a lot in common 🙂

      Thanks for the kind words.

      Let me know if we can help with anything.

      – Patrick

  23. Robert Briere Reply

    Hi Patrick & JP.
    I am sure it was not easy to record this video. Sorry….but very informative.
    I have been in RE , as a broker, in NC for a while now and I am tired to look weekly for a new client and tired to pass some good “deals” to them.
    I am at a point now where I would like to retire soon and needs Cash Flows & to build a retirement nest..
    Thank you soooo much for opening up & sharing with us your hard life lessons.
    I am trilled I found you guys.
    Robert

    • Charity Akers-Greathouse Reply

      We are glad you found us too! Great to hear this was an encouragement to you. Keep moving forward and let us know how we can help along the way.

  24. John Lomax Reply

    Patrick,
    Thanks alot for sharing your story. Thanks for keeping it real. Thanks for encouraging us to stick with it, and to keep moving forward. What would you think should be the ratio of asset to cash. My friend calls it asset rich and money poe (poor). I’m at a point where I have two rental yielding 20% ROI, and now I would like to focus on wholesaling and flips.
    Thanks,

    • Charity Akers-Greathouse Reply

      You’re welcome. John. Glad you found it to be encouraging. Let us know if you have any wholesaling questions!

  25. Krutel Mack Reply

    Good to be open an to know that your lost will be someone else gain and their gain will be your gain in the end.

  26. Michael Perry Reply

    i am sorry things went so south in your business and i guess it’s not so bad to have a solid education in the area of interest in order to leverage the loses. thinks for opening up about your mishaps this gives me some ideas of what could happen if i am not on my game. and having a solid strategy in place goes a long ways. thanks again and i am looking forward to success through your foundation.

  27. Robert Edgar Sr Reply

    Great stuff, glad you were able to share that part of your story with us and I’m sure it had to feel like a huge weight lifted off your shoulders. Thanks for sharing !!!
    Hopefully all of us can avoid those pitfalls in our investing careers.

  28. JOhn Ward Reply

    Let’s be FOR Ward

    Let’s be until

    Now

    John

  29. Justen Bethay Reply

    Great video bro, and excellent advise. I can especially appreciate one of your points about “success is getting up when you’ve been knocked flat on your back.” That’s where I am now, and I will keep this advice close as I continue on. Thank you!

    Justen Bethay

    • Patrick Riddle Reply

      Hey Justen, we all get knocked down in life. Just keep getting back up, focus on what you want, and take action towards it daily.

      – Patrick

  30. Dennis Trujillo Reply

    I have spent quite a bit of money in various real estate coarses I wish I could have have herd your storey earlier. Thanks for sharing for sharing your struggles to bbeing successful. It gives me the courage to face my fears.

    • Patrick Riddle Reply

      Hey Dennis, at least you found this video (and training program) now 🙂

      Love hearing that this video gave you courage to conquer your fears. Make it happen!

      – Patrick

  31. Robert Ellis Reply

    Well Pat and JP where do I begin.I was introduce to REI thorugh equity shareing the the awesome nich of the 80’s it was th in thing at the time.own real estate every with equity parnters and they pay all the builds even leave in a house yourself better than you could afford ,just find equity partner.to you guess it pays the bills.the guy who taught me was in Az I want tell his name but is was the father of equity P???.But then we know what happened interest rates went grazy ,no one could buy or get a decent moratege with out paying 10 to 12 % and that was a good rate at the time.Well lost every thing could not afford to pay all those oans cause when my hsare partners began to default one by one I was traped under mount LONE.os I said never again.Then just recently I heard JP On Ipd cast Like what he had to say and how he said it.then He mentioned Pat and I listened to him and I like what he had to say honest up front and no BS with out that sell sell sell get it now things most others do .any wat glad to be here and hers’ hope that my second go round will be better before I run out of time and reall decide to retire.great Job boys[ sorry I am 64] that’s what the boys remark is about

    • Patrick Riddle Reply

      Hey Robert, thanks for sharing some of your story with us… and how you found Jp and I.

      I have a feeling your 2nd go around is gonna be much better. Let’s make it happen!

      – Patrick

  32. Lesly Jean Baptiste Reply

    Hi Patrick I appreciate that video very much I have gone trough something similar I have to file bankruptcy and now I am trying to restart from scratch that is why I appreciate you and this lesson .Now what I want from you is to help me power through the outside noses who tell me the real estate market is saturated to much competitions .Next is to help me with marketing I am short on cash what can I do on my own that nor require a lot of cash to generate leads I understand is marketing marketing marketing leads leads if we don’t have that we don’t have business please help I am all in I don’t want to fail I got to much riding on my success right now I have a part time job not much coming in my wife is the one holding it together I don’t feel good about it but I am ok for now because I working on changing the situation that is why I want your help I would like to hear from you your thought your comments and how you will help me

    • Patrick Riddle Reply

      Hey Lesly, sorry to hear you’ve been going through some tough times. You can (and will) get through it. Keep your head high and keep taking action towards what you want out of your biz and life.

      Don’t listen to the naysayers. There’s plenty of opportunity for you to make it big in REI.

      Watch the additional sources of deals training. It’ll go over some alternate methods of deal-finding.

      – Patrick

  33. Gregory Tauber Reply

    Hi Patrick!,

    I think it is just Great that you talk about mistakes you have made in the Real Estate Investing. This is the Best Course I have taken so far (and I have taken many) because you share it ALL, where as most people and teachers only share the good things and are constantly ON YOU to buy more classes whether or not you have the Money to buy it! They say “Just Charge It, it will come back before the Bill is Due!!!” That’s Great if it is but what if it doesn’t? I have personally lost everything with statements like that because I bet Everything on what they said was going to be true. My mistake and a Big One!!!, I shouldn’t have done that… Now I know better!!! Not to invest until I have it to Invest. I am still very Confident and I know I will be Successful very soon one step at a time just like eating the Elephant, however I am not in the Big Rush anymore as I was… Because those that are lose faster than it comes in and it is easier to spend money … as you know … than it comes in. I have learned many valuable lessons in my life and will and do continue to learn everyday. I Love it and look forward to learning with you and becoming Successful with your courses and mentoring abilities. My Goal is to become as Successful As Donald Trump. Let’s Make it Happen!!!

    Have a Great Weekend!!!

    Gregory

    • Patrick Riddle Reply

      Hey Gregory, to hear that this is the best course you’ve taken so far is… AWESOME! Really appreciate having you as part of our little tribe.

      With the IPOD training program, you have everything you need – the tools, the training, the support – to start closing deals and making money. So, I suggest solely focusing on implementing what you learn… until you’re consistently closing deals. Then, continue to seek out additional training to take your investing to the next level.

      Let us know how we can help you.

      – Patrick

  34. Thomas Lawyer Reply

    I was one of the lucky ones. I weathered the lose of everything that I owned. I was a victim of Sandy.
    I lose three cars all that I owned and the funny thing is that I felt and feel like I was lucky. I leaned
    that washing machines can float as well as a Frig.
    The best thing that I found out is that you can lose everything in an instant; but what you have inside
    can never be taken from you. Drive, ambition, need, hope and prayer can weather any storm. Most folks don’t understand that; but believe me you are tougher than you think. Need is the mother of invention..
    Keep moving its harder to hit a moving target.
    Tom L.

    • Patrick Riddle Reply

      Hey Tom, you’re right… what you have inside can never be taken. Reminds me of the book that Viktor Frankl book, Man’s Search for Meaning. Great book btw if you haven’t read it yet.

      As you implement the training program, let us know if there’s anything we can help you with.

      – Patrick

  35. James Wiznerowicz Reply

    One more lesson. Beside someone close to you, the most important Person you can ever go to is the Lord! Since becoming born again in 2002, He has gotten my wife and I through countless trials and tribulations, most of our own making due to poor decision making. He has strengthened our marriage, our relationship with each other and Him and has given us peace and calm in the midst of these storms beyond measure! For those who don’t know Him, read the Bible, ask for His guidance and opening of your heart for understanding. Start with Genesis, then the Gospel of John ,then the book of Romans. Give your life to Him in repentance and humility. This won’t stop the trials, as a matter af fact you may experience more, but it will strengthen you and give you peace to weather them. But the best part is, you’ll know you’re going to heaven. You’re going to spend eternity either in heaven or hell. Faith in Christ assures you of heaven, rejection of Him assures you of hell. Eternity is a long time, you’re not promised the next breath! Many of you may not believe or even like this message. You’ll have to take it with the Lord, I’m just the messenger! He makes the rules!

    • Patrick Riddle Reply

      Hey James, thanks for joining the conversation here and sharing your heart. Love this quote from 2 Timothy, “I have fought the good fight, I have finished the race, I have kept the faith.”

      – Patrick

  36. George Shaw Reply

    I have never seen a real estate mentor/guru be as vulnerable as Patrick was. It was pretty awesome. I am in some tough times right now, and I have let it affect me, but you emphasis on mindset has been a great help. Thanks.

    • Patrick Riddle Reply

      Thanks George. It wasn’t easy to get myself to do the video… but so worth it. Keep your head up and focused on what you want in biz and life. Let us know if we can help with anything.

      – Patrick

  37. Chris Luciano Reply

    Do appreciate the sincerity of you message in the video. However, was a real downer.
    With that being said, it was slightly refreshing to hear a “real” side of this business without all the “ra ra ra” that is usually associated with real estate investing and the “it’s all roses” type of message.
    But, thanks for sharing. The pain has been real for all of us. Glad to know you are human:)

    • Patrick Riddle Reply

      Hey Chris, didn’t mean for this lesson to be a downer for you… but still glad you checked it out to see a real behind the scenes look into my biz/life. It’s definitely not all roses. However, I regret none of it and my experiences have made me into who I am today.

      As you take action, let us know how we can help you. Hopefully you can leverage my experience and avoid some of the mistakes I’ve made.

      – Patrick

  38. John Franey Reply

    Well Done.
    Thanks

    • Patrick Riddle Reply

      Glad you enjoyed John.

      – Patrick

  39. Jacob Carita Reply

    Hi Patrick, I Finally got my wife to listen with me on this video today. I think I got her attention . I had been searching for a guide to get us back to where we were before the market crash. Like so many of us who did real estate when it was booming that was when we got started in the early 2000 and we did bought more than we could managed because all of the ones we bought were mostly multi-units with excellent cash flows So we thought. We were so busy rehabbing and making really good income and did not focus on the rental expenses so much. We also had good equity on all of them, at least 35 percent loan to value at that time. Ofcourse when the market shift , that is when everything went downhill. We had tenants that could not pay their rents and we could no longer borrow money from the bank because we had too many mortgages. The business practically halted. The rehab was our bread and butter. We now lost most of our rentals. I hope that we can find our way back to start making those kind of income. Looking forward to your training.

    • Patrick Riddle Reply

      Hey Jacob, that’s great that you got your wife to check out the video too. Sorry to hear about your struggles. I completely understand. Now it’s time to take action and leverage all those lessons learned 🙂

      – Patrick

  40. Tom Uyechi Reply

    Hey Patrick!

    Great info so far.

    In the case of Equity vs Cash Flow, are you cashing out all your equity, at close, even on Rental Properties that you plan to hold?

    Keep it up!
    Tom Uyechi

    • Patrick Riddle Reply

      Hey Tom, when I mentioned the lesson I learned of cash flow over equity, here’s what I meant…

      Rather than purchasing property based on the amount of equity you think it has (and profit potential)… buying based on a properties ability to cash flow.

      When the market crashed and values plummeted, the higher priced properties I owned no longer had any equity and had negative cash flows. If I had bought based on a properties ability to cash flow (regardless of whether it’s value increases/decreases), I would have been in a much better position to weather the storm.

      – Patrick

  41. Asher Appleman Reply

    Well it seems that you bit off more than you can chew ! I am quite new to real estate investing . But I already know I must have the correct and realistic value of any property . I must also know that I can sell it for a realistic profit . If not , then I should not be trying to acquire that property in the first place . I appreciate your opening up as you did . If and when critical questions come up in my investing , you can rest assured , I will contact you .

    • Patrick Riddle Reply

      Yes Asher, bit off more than I could chew and the drastic change in the market put me in a very tough situation.

      Let us know when you have questions. We’re here for you.

      – Patrick

  42. Karl Schwartz Reply

    Thank you Patrick for your candor and sharing. I love your attitude and that what explains why your a success. Winners never quit, only learn and grow. You have weathered a monsoon, I’m sure adversities in the future will be much more like a spring shower from here forward. I look forward to working with you.

    • Patrick Riddle Reply

      Hey Karl, glad you enjoyed the video. Looking forward to helping you move your biz forward.

      – Patrick

  43. Kevin Lynch Reply

    Thanks for your transparency. its refreshing to learn from a genuinely honest person.
    i am more excited now about learning ipod, cant wait to implement what you will be teaching.

    • Patrick Riddle Reply

      That’s great to hear. Let’s do this!

      – Patrick

  44. Jeanette (Jan) Elliott Reply

    OH WoW! Patrick! I am soooo sorry for what happened to you in the big Real Estate Crash! I lost everything too! …however I love the RE field and am
    up on my feet, but without any money basically. I have been searching for a program like you and JP are doing! I don’t want to have to “Re-invent the Wheel” !!
    You have all the needed, already tried and proved, forms, legalities. Web Setups and where to look for what! ..and your years of a wide range of experience! …How much more wonderful can it get!! Patrick, thankyou for sharing all the special information you gave us in your “barring your soul about it all! I love your accent and I never tired of hearing you and your very educational and emotional thoughts. You and JP are the best! I eagerly await more good stuff! Jan Elliott

    • Patrick Riddle Reply

      Hey Jan, glad to hear you’re back on your feet too… and that you’re really enjoying the IPOD training. More good stuff coming your way soon!

      – Patrick

  45. Karen Frazier Reply

    Hello Patrick, such a transparent, valuable video. I thank God for your openness and willingness to share your past experiences. If you only knew how long I’ve been trying to invest in real estate and be a success story. It just brings tears to my eyes that someone really has a heart to help a beginning investor and not try to just get their money and not give “all” the specific steps to make it happen. I’ve been wanting to get my first real estate check for sometime and I’m still pushing towards that goal. Finally I see the potential of that happening!! I’m still trying to go thru all the material. I need a deal very quickly and I’m trying diligently to make that happen. So tired of working so many hours and still not able to get ahead. But I believe with your course I am on my way to success! Again thank you so much for having the heart to teach and share your experiences. Much continued success to you! Blessings!

    • Patrick Riddle Reply

      Karen… wow, that means a lot to me that you’ve found this video so valuable. It wasn’t easy to bring myself to talk about my mistakes and experience… but has been so worth it.

      We’re here for you UNTIL you cash that first real estate check. Take action, keep moving forward, and let us know how we can help.

      – Patrick

  46. GARY DUCKWORTH Reply

    Great advice Patrick! Thanks for sharing. I will take it to heart.

    • Patrick Riddle Reply

      Thanks Gary. Glad you enjoyed the video.

      – Patrick

  47. David Pitts Reply

    Patrick and JP: You guys are so real and sincere. It is really nice to be involved with people who you feel like you could talk to over the backyard fence. In this online world that does not come through very often. Thanks for your hard work and sincerity!

    • Patrick Riddle Reply

      We appreciate the feedback David. That means a lot to us 🙂

      – Patrick

  48. Marsha Yearian Reply

    Appreciate greatly your honesty. Great take away for me is Cash Flow over Assets

    • Patrick Riddle Reply

      Hey Marsha, glad you enjoyed the video and had a great take away.

      – Patrick

  49. DARWIN MICKELSON Reply

    PATRICK, Loved seeing you live on a video and not just watching PowerPoint slides with an audio. I was noticing my reactions to your personal presentation. You look so young and you sound so unpretentious, almost like someone who maybe is a bit unsure of themselves, which I know you are not, but it was interesting watching myself (or my ego mind) watching and reflecting on you as you shared extensively.

    Thank you for your willingness to share things that cause most of us embarrassment to disclose and for modeling how you faced those situations and your encouragement for us to follow your positive actions to improve things.

    I have had a serious setback happen to me that has caused me to hesitate about any public exposure. Now I believe I could share my situation with you and you would have the heart to not disparage me and you could probably give me some good counsel as to how to solve my dilemma, which the repercussions of are still plaguing me. So, since you seem nonchallant but sensitive, caring and maybe even overly casual in your appearance; bottom line is you are winning me over to believe I could trust myself to your care and keeping. (Who could ask for a better attitude in a coach or mentor, that you need to get you to do the things that you maybe wouldn’t /couldn’t get yourself to do without their involvement.)

    And it seems you prefer to have more than results…BECAUSE, you desire relationship with us! That is really spectacular in this day and age. Thanks again for encouraging us.

    P.S. I’m still not specifically sure what mistakes you made, that I could avoid making myself by that knowledge, but in general I get the gist of the situations you got into and the general actions you took to get out of them.

    • Patrick Riddle Reply

      Hey Darwin, the experiences definitely weren’t easy to share, but SO worth it. It’s really great to hear that you’re feeling a connection with me and our training. It’s awesome to have you as part of our little tribe 🙂

      – Patrick

  50. JANET TONKINS Reply

    PATRICK,
    YOU ARE DOING AN EXCELLENT JOB WITH THESE TRAININGS. THANKS FOR SHARING THE GOOD , BAD AND THE UGLY! I AM AN EXPERIENCED BUY AND HOLD INVESTOR BEEN AROUND SINCE 87. WELL ON MY WAY TO 100 PROPERTIES AND DOING EXTREMELY WELL NOW IN BALTIMORE. WILL BE FEATURED IN REALTY TRAC NEWSLETTER IN SEPTEMBER. HOWEVER I HAVE LOST QUITE A BIT OF MONEY IN A FEW DEALS. I BUY MOST OF MY DEALS FROM WHOLESALERS AND WANT TO START FINDING MY OWN DEALS AND HELPING MY SON DO THE SAME. I AM ALSO CHAIRWOMAN OF THE WOMENS ARM OF THE BALTIMORE REIA. I WILL BE CONDUCTING TRAINING MYSELF SOON. KEEP UP THE GOOD WORK. I AM ENJOYING THE LESSONS THUS FAR.

    • Patrick Riddle Reply

      Hey Janet, you’re welcome. I’m really glad you’re loving the training so far.

      Congrats on being featured in the Realty Trac newsletter. Nice!

      – Patrick

  51. Steve Hirsch Reply

    Patrick,
    Great video, like Warren Buffet says: be fearful when others are greedy and greedy when others are fearful.
    I am a competitive volleyball player too on a league here in Charlotte.

    I can relate to some of your same experiences with failures/foreclosures and how important it is to be resilient and get back up and learn from mistakes and grow.
    Great info.

    • Patrick Riddle Reply

      Hey Steve, glad you enjoyed the video. Yes, resilience is SO important.

      Back in the day when I played a lot of vball, I played a few grass doubles tournaments in Charlotte. Always had a good time up there.

      – Patrick

  52. Paul Wingfield Reply

    Patrick I really appreciate that you shared your true life experiences. Most people only talk about good experiences but you shared the bad ones that you went thru. It took a lot of heart to do that BUT that is the reason why you are able to over come that and bounce back in your life and by being true and honest with yourself. I am really, really, enjoying the IPOD training.

    Thank you very Much!!!

    • Patrick Riddle Reply

      Glad you found the lesson valuable Paul. Thanks for being so active in the comment area. We love talking to members 🙂

      – Patrick

  53. Peggy Wildy Reply

    Thank you, Patrick.
    Awesome training and very helpful.

    • Patrick Riddle Reply

      Hey Peggy, you’re welcome. Glad you found it helpful!

      – Patrick

  54. Abdul Jihad Reply

    I was feeling down because of my financial situation, but because I listened to this video I don’t feel as bad.

    A person is going to go through ups and downs there is no way around it. The thing is like you said is to learn from your negative experiences and move on.
    Thanks for the video.
    Abdul.

  55. Jamesee Dickerson Reply

    Patrick
    I commend for your transparency.

    Jim

  56. Stella Thorn Reply

    Hi Patrick

    This is my first time to say hello to you and introduce myself…I’m a Charlestonian at heart, my daughter was born in N. Charleston and I still have family in Goose Creek and Monks Corner.

    I’m new at this and thank God I’m getting over the ‘shiny object syndrom’ that means more $ for marketing!

    I’m gonna hang with you guys.
    Thanks Again
    Stella

    • Stella, welcome! And thanks for saying “hi”! Glad to hear you’re not in the throes of shiny object syndrome anymore, but be careful…it can sneak back up on you if you let your guard down. It’s just part of how we’re wired a lot of the time. But it’ll slow you down every time you give into it. 🙂

  57. Amanda Bridges Reply

    I enjoyed watching and listening to your trials and tribulations over the last 11 years. I wrote down every one of your life lessons, and will remember all that you have been through, and I CERTAINLY DO NOT want to go through all you did!!!
    When did you start investing – when you were like 6 years old? LOL!! You COULDN’T be MUCH older than my two older children – 22 and 20!! I live in Hampton, SC and was in Charleston YESTERDAY Oct. 20th. on King Street with my 20 year old son, and we ate at Five Guys located right on King Street in the heart of Charleston. I was at a conference in North Charleston 2 weeks ago, with Robert Woodruff and his “keys to cashflow” and am having to do FREE marketing, because there are ZERO funds for marketing right now, so I can’t wait to find out how to get the leads that you will teach us about, and get deals so I can PAY for marketing and get MORE DEALS!!!!

  58. Phillip G Huddson Reply

    FANTASTIC expose. I have gone through everything you expressed. At the time, I thought that I was the only one going through the horrible times of the 2006-2009. Have heard of many others.While some lost millions, I lost hundreds of thousands. I have learned/experienced much from that traumatic experience. I will do things differently. I will take my time. I will be successful. I will praise and give God the glory, for how I got over. Thank-you for sharing. “AIN’T NO STOPPING US NOW”! Amen and Amen!!!!!

  59. Thomas Rihel Reply

    I enjoyed Patrick being brutally honest that mistakes will be made no matter what but what is truly important is how to get yourself back up. I do like the fact that you are laying the foundation and what the big picture is before getting into the technical skills.

  60. Paul Holden Reply

    Hey Patrick, I appreciate that you took the time to talk about your investing wounds. It takes a lot to open up to a bunch of folks that you really don’t know, but it goes without saying that you care about the outcome of your students.

  61. Gary Childers Reply

    Patrick, this video was very good and spot on. There are some individuals who have posted that really don’t understand how difficult real estate can be, if approached in the wrong manner. Things aren’t all rosy as some of the GURUS out there will lead you to believe. I have been investing since 2007 and purchased some properties that did not allow enough cash flow to be generated. Equity on some of our properties purchased vanished before our eyes down here in Jacksonville, FL, so I agree with you when you said cash flow is paramount. The past year and half I have spent an enormous amount of time, not to mention a mountain load of paperwork negotiating loan MODS with the banks, in order to get the properties in a positive cash flow position. Trials teach us how to persevere through the tough times. Anyone out there who just wants to jump in and start doing deals, I advise you to listen to what Patrick has put out and chew on it a little and learn from someone who has gone through a difficult time. As Patrick has mentioned, it’s no fun having to deal with the bad decisions you have made, because those bad decisions will affect someone besides yourself.

  62. Victor Grimes Reply

    Patrick,

    Thanks for opening up to us about your lif3e and business ups and downs. Not many folks are willing to share these types of personal and business difficulties. The thing is, you never gave up and your persistence paid off. So, that encourages me to continue even though I’ve had my fair share of start-up issues as well.

    Thanks.

  63. Roger Ordonez Reply

    Patrick, you are so right, we all make mistakes, some more than others, & some bigger than others!!!

    However, persistance, determination, commitment, discipline, hard work, being transparent, communicating before not after a problem occurs are all but not everything we need to be! Thanks for sharing this important video as part of our training to shape ourselves into a better business owner.
    These AMP sessions are becoming vital to the learning of the core trainings.
    Thank you Team!!!

  64. Pamela Knight Reply

    It is somewhat comforting and also scary to know how such big mistakes are made. Surviving big mistakes is difficult, hence the ongoing fear of doing something wrong. The only redemption is owning up and moving on, as you say.

    The market has shifted again from when you did this video, so properties in my area are selling above asking price. So I hope this course give us some idea how to proceed in this market, i.e. how to locate real deals.

    • Patrick Riddle Reply

      Pamela, it’s important to remember that everyone makes mistakes… just do the best you can to minimize them and take calculated risks.

      This course will definitely give you what you need to locate ‘real’ deals in today’s market. If you haven’t already, go through the core training from Week 2, Deals on Demand.

      Keep in touch and let us know what questions we can help you with.

      – Patrick

  65. EDWIN KINDRED Reply

    Good Talk Patrick….. looking forward to building my wholesale business model with your foresight.

    I’m looking forward to networking with your Team.

    Thanks,
    Edwin
    KREI, LLC

  66. Linda Waters Reply

    Patrick
    thank you so much for sharing some people do not understand how hard it can be for someone to tell you that they have made mistakes, but for me it lets me know that you can answer just about any question i mite have that can keep me from making that same mistake. so again i say thank
    you Patrick

    • Patrick Riddle Reply

      You’re welcome Linda.

      Reach out to us anytime you need help.

      – Pat

  67. DON JACOBS Reply

    Patrick, I can relate to where you have been. I have been foreclosed, sued, had property stolen and cash flow problems, and all of that while I meandered through the woods. Now is the time when I am ready to follow the direct path with integrity to the appointed target. The fellow I have admired through all of my years with a philosophy like yours was Victor Frankel. He survived the Nazi death camps during World War II by professing that he could do little about what happened to him from day to day, but no one could force him on him how he reacted to what happened. Like you said, it isn’t that you make a mistake, it is always how you react to it that defines your character. God is blessing you and yours for being here with your help for us. Thanks a bunch.

    • Patrick Riddle Reply

      Hey Don, sorry to hear that you’ve been through some tough times yourself with real estate. That’s great that you’re ready to dive back in with new direction and focus.

      I love Victor Frankel’s book, Man’s Search for Meaning. Very POWERFUL!

      Appreciate you joining the conversation here in the comment area. Talk soon…

      – Patrick

  68. Lawrence Opoku Reply

    Thanks Patrick for sharing your experience with us to be alert of what is ahead.

  69. Vivian Farnsworth Reply

    Patrick
    Thank you for being upfront & honest, you have been the only leader I have come in contact with that is being honest about the mistakes and addressing them.

    • Patrick Riddle Reply

      Hey Vivian, we’re happy to share the good, the bad, and the ugly with you.

      So much can be learned from the mistakes of others. I hope that you pulled out a few good nuggets to leverage into your deals and business as you move forward.

      – Patrick

  70. Mark Reply

    Patrick, bless you for opening up to us about your difficulties. ( Many people are ashamed to admit these situations.) You are proof that persistence pays off and that success is really the ability to get up when you’re knocked down. Thanks.

    • Patrick Riddle Reply

      Hey Mark, that’s exactly right. Success is the ability to get up when you’ve been knocked down.

      It’s not what happens to you in life… it’s how you respond to what happens to you that will determine the quality of your life and your ultimate success or failure in all that you do.

      If we can help you with anything, please let us know.

      – Patrick

  71. Jannett Graham Reply

    Hi guys,
    I am not sure that I got the whole picture unless it was about reaching out to people for help or vent when you find yourself in a spot. I find myself twiddling my thumb, like I am missing something important or that I should be doing something but not getting it..know what I mean? Just this void that persists. Then I realized that my mindset is telling me I have a course to go through and where there would be this mad rush to get the training done, I am being lead, pulled along in a all too different way to learn. I sincerely hope that there will be a wealth of real goodness waiting. It is about time I had some of that goodness, I want so much to see, achieve and share my success. I visualize it daily, a big smile whole family at table and I walk in wrapped in a super sized copy of my first check! I know, I just have to be patient. I also thought long ago that I had access to PMOD, not sure now, been such a long time ago and I did not buy at the one time because I was so sure I already had it. Well, I look forward to the next session.

    Jannett

    • Hi, Jannett. Thanks for sharing what you’re feeling, and I can relate. Sounds to me like you’re eager to get into the tactical side of things, because that’s what feels most “productive”, and you’re super eager to get things moving.

      Trust me, I get it. But I just want to encourage you that we’re building a structure for you here, and this week has been all about the foundation. As you know, any house with a poorly built foundation will eventually come apart. I’ve seen it happen to so many investors over the years…and the mindset side of things IS this foundation.

      So don’t fret…in our view, you’re right where you need to be, and we’re keeping things at an easy pace for a reason… if we dump it all out at once, people gorge themselves on the main course, and flat out miss the intricacies of the appetizers. 🙂

      Anyways, I hear ya…and trust me, next week we’ll start in with LOTS of tactical stuff. You’ll see 🙂

  72. Sam Cox Reply

    Thanks for the heads up JP. Can’t wait the 4 and had planned just what you’re suggesting.

    Was pulling Patrick’s leg for the most part because he does deliver on the goods, living and working (NY & NJ) up north has acclimated me to more rapid speech patterns.

    PR does fine because I usually get it from him the first time I hear it. I have to replay the speed demons two or three times before a point that catches my ear is clear enough to sink in.

    Left Charity that message as soon as I saw the dashboard so I’m expecting it will all work out and while I’m struggling to remember something you shared around the same time you were in Baltimore three or four years ago, it is good being back on board with you guys.

  73. Sam Cox Reply

    I have very irregular hours and it’s just a little frustrating that nothing I click on is working except the welcome and team building videos. I had completely forgotten how PR’s speech pattern usually knocked me out once or twice during a session before I found those energy drinks.

    I don’t even see my Private Money Blueprint subscription from a few years ago so I called about that. Will be easier to get back into the materials when they’re in one place

    I guess I need to go back to sleep and start over again tonight or tomorrow but you can believe this elephant is as good as history once I get my choppers on him.

    Great being back in the fold so keep that great info coming.

    • JP Reply

      Hey, Sam… I know you want to get in there and go through it all at once. But hang tight! We’re pacing it out for a reason, to keep folks from feeling overwhelmed and like you’re drinking from a fire hydrant.

      But hey, if the pace doesn’t quite work for your learning style, one suggestion is to maybe wait until we’ve released a whole week’s worth of core training and amp sessions, then you’ll have a whole pile you can go through at once if you want to. Or you could even wait until it’s all been unlocked after the full 4 weeks. But I caution you to (i) still go at a comfortable pace, and (ii) go through it in the proper order. Each session builds upon the sessions before it.

      As for Patrick’s voice putting you to sleep…well, what can we say… he’s just got that southern drawl down pat! I guess you’ll just have to contend with it. But the content’s worth it, and I know you know that from your remarks above. Glad to have you here with us!

      As for your previous PMOD from a while back, it should still be there for you with your original login (on the other website). We do have it opened up on the site here too, for anyone who took advantage of the special one-time offer. But maybe Charity can unlock it for you here too. Ask her in member support and see. But rest assured, it should still be accessible to you through your original login from when you purchased it.

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