Finding Private investor from public records

[Kyle Banks]

Hello is there anyone who can guide me to the quickest way to access private lenders from the public records divisions? And do you know if Im able to get this information online? I found out about this doing research and some people are selling "how to" books about it. I believe this is public information and hopeing you can help.

Thank you and happy investing!!

[Bill Gulley]

First, let me ask what a "private investor" is?

Do you mean individuals with funds that might be available for RE investing?

If you mean individuals that make RE loans, I'd be more inclined to call them unregulated, under the radar, hard money lenders. Each state will have different rules for license requirements as a lender or broker, I won't go there.

Point is, RE types will point you to RE land records searching for Mary Lou making a loan. You could search through thousands of deeds and never find Mary Lou. If Mary Lou has money and is not a HML type she probably never made a RE loan. If you find several notes made, say through a name search, she probably isn't the "private lender" you'd really like to work with, she'll be a HML with activity and that usually means the highest rate she can possibly get.

So, going to RE records may not be your greatest source to find investing prospects.

If you need money now, you'll be stuck pretty much with the HML types.

If you are planning for the future, 6 months out, next year and building a pool of potential private investors that is only built on relationships. You won't find relationships in public records.

You will find filings and activities in public records by those with sufficient funds for investing. Trust filings, finding heirs of large estates, cash RE transactions of upper end homes, business license records, tax records of holdings of successful businesses in your area.

The trick is not finding affluent folks, you probably know who is very successful in your area, the trick is in how you meet them, how to develop a relationship of trust and how to introduce opportunities to them.

Personal interaction, social circles and events, community involvement is where you'll find personal investors. It takes time to get to know folks, longer for them to trust you with their money, but when you reach that point the word spreads and your money problems can be over so long as you know what you're doing, never allow any investor to lose a dime and produce what you promise. :)