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Updated over 2 years ago on . Most recent reply

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Joseph Clark
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Finding private money lenders

Joseph Clark
Posted

Hey everyone, for the last couple months I've been educating myself on how to invent in Real Estate. I've attended webinars, seminars, and purchased a couple books from BP. I'd like to start off with buying rental properties but most lenders I've talked to require me to put down 20%. That's not really an issue for me, especially in the market I'm looking to get started in. But it would be a lot better to use other people's money to not only finance the purchase of the property but also the rehab. My question is how and where can you find private lenders? 

Thanks 

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,072
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Joseph Clark:

Hey everyone, for the last couple months I've been educating myself on how to invent in Real Estate. I've attended webinars, seminars, and purchased a couple books from BP. I'd like to start off with buying rental properties but most lenders I've talked to require me to put down 20%. That's not really an issue for me, especially in the market I'm looking to get started in. But it would be a lot better to use other people's money to not only finance the purchase of the property but also the rehab. My question is how and where can you find private lenders? 

Thanks 


Private lenders may be easier to get money, but that also means you're putting yourself at greater risk. Why not start with traditional lenders until you've proven your system works, then switch to private money to accelerate?

  • Nathan Gesner
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