Any Private Money Lenders in Murfreesboro looking for 20%?

[Michael Dill]

Hello everyone,

So my question is: how hard is it to find a private money lender if you have a good deal, but NO experience?

I understand it's a loaded question so bare with me here

-The one thing holding me back the most is that I'm afraid I will get a deal and then I won't be able to fund it, causing me to have to back out and lose credibility with Title companies, agents, etc. 

-Being new, the best thing I can do is get an Agreement of Sale on a gem of a deal. Great deals usually have to close really fast though... which is why I'm wondering how quickly you think that I can find someone to fund it? or to just fund part of it?

-I would post the deal on the REIN facebook page and here on BP. these are the only ways I know of to connect with lenders.

-So what I'd like to get out of this post is: 

-From a lenders perspective, would you even consider loaning to a newbie for 20%? 30? 40?

-How well do you typically know the people you're lending to? 

-would you be more likely to consider funding a portion of the deal? Like if I funded the purchase and a lender funded the rehab?