How do you find private money lenders?

[Jack McWatters]

Here’s my situation!

Found a piece of land that the owners are now going through litigations. Not only that the land has been up for sale for 245 days. Both of these factors plays a role in my thinking hey maybe they would be to sell if I found a lender that can close fast and pay cash. If I can get this property for 150k-200k that puts me in the sweet spot.

Surrounding 2 bed 1 bath houses in this neighborhood are going for 625k-650k which mean if I purchase this plot for 200k build a new similar 2 bed 1 bath house for estimate of 350k on the building costs to be safe, that puts me all In at 550k leaving a margin to sell for 50-100k profits.

My questions is what kind of loans do I look for for development or should I look. For private lenders?