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Updated over 3 years ago,
How'd you expand your private lender list?
Looking for advice on extending my private lending list. I've currently done two transactions with private money. Both with my father 100% finance PP+rehab, I bring closing cost when I refi out.
How do I market this some other family members that I know have the stagnant funds but may be skeptical? If I can increase my private lenders list I can scale even faster and close on more deals. Im learning the velocity of money and compound interest by using my dad as a lender. And using his HELOC twice in a year.
Which ultimately would allow for easier syndications down the line.
Any tips on how you marketed yourself to potential private lenders would be appreciated.