FindPrivateLendersNow vs. Listsource

[Alvin Grier]

I was looking at the Find private lenders now program, and it's $1300. Other than the training, they claim that it gives you access to contact information for people that already are lending money for deals.

But what I don't understand, is how much difference what they provide (other than the training) is from what I can get from Listsource.

At Listsource, I was able to get a list of people/entities/trusts that have lended on private mortgages within select counties in the last six months for under $10, so I'm wondering just how much more the Find Private Lenders Now program could really provide.

Does anyone have any experience with the program that might be able to share any insight on my question?

[Chris Feltus]

Private money is built on relationships and networking, not a data set. Even if you were able to generate all of the private money lenders in your area its based upon your experience and portfolio that determines if they will lend or not. Personally, I would never spend that sort of money for such a program.

If your looking for private money the best way to go about doing this is:

• Attend local REIA and find people that have money to invest
• Get to know said people
• Show them your breadth of experience, what you do, what your strengths are.
• Have a portfolio that showcases your latest properties
• Showcase a current deal, how its structured, and how it can protect their interest and generate a profite if they decide to help fund
• Demonstrate your past experience by showing past projects where other people successfully made money by investing in your deals
• You might even find a private lending partner here on BP, keep your eyes open