How To Find Real Estate Lenders.

[Taelonn Harper]

How can I locate private lenders?

I've been searching for private lenders. I had hoped to locate one by looking through houses that other investors have flipped and contacting the lender on that property, but I am having trouble locating the information on the lender on these properties.

How can the lender on a closed property be determined via reverse engineering?

[Shiloh Lundahl]

@Taelonn Harper It depends on the type of lender you are looking for.  There is a difference between a hard money lender (which is a lot easier to find) and a private money lender (who are mostly limited to family and friends and other acquaintances). 

If you are looking for a hard money lender, a professional lender who has their own set of loan docs that have had lawyers go through in order to get approved for their lending business, then you can find many here on BiggerPockets.  Just hover over the tab at the top that says network and then click on hard money lenders from the drop-down menu.  Or you can also just google hard money lenders and the location of the property or you can go to real estate meetups and ask other investors who they use for hard money loans.

If you are looking for a private money lender, a non-professional lender who does not have their own lending docs, then you will need to let people you know that you are investing in real estate and see if they have interest in the subject.  If they show interest, then you can let them know that you allow people to become a part of the deal if they would like to help fund it.  Then you explain they type of deal structure and profit split.  Keep in mind that It is easier to attract private money lenders when you already have done several successful deals. 

I hope this information is helpful.  Good luck investing and finding the lenders you are looking for.