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Finding borrowers for PML
I recently received the payoff from a previous loan and am looking to lend that money back out. Where is the best place to find quality borrowers if there aren't any great RE meetups in my area?
Quote from @Megan H.:
I recently received the payoff from a previous loan and am looking to lend that money back out. Where is the best place to find quality borrowers if there aren't any great RE meetups in my area?
Hey Megan,
You might want to contact a mortgage broker. You will have an added layer of protection allowing a broker to originate a loan for you and they have access to many borrowers that need financing.
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Lender California (#02161719)
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@Megan H. there doesn't have to be specific groups in your area. Facebook will have TONS of real estate investor groups (if real estate is where you want to focus your lending efforts). Just search "Idaho Real Estate Investing" or some combination of that and you will find many groups that have hundreds and thousands of members in them. That's where I would suggest.
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Lender Texas (#392627)
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@Megan House
How much you have? We have plenty of deals that we could send your way
Quote from @Erik Estrada:
Quote from @Megan H.:
I recently received the payoff from a previous loan and am looking to lend that money back out. Where is the best place to find quality borrowers if there aren't any great RE meetups in my area?
Hey Megan,
You might want to contact a mortgage broker. You will have an added layer of protection allowing a broker to originate a loan for you and they have access to many borrowers that need financing.
This is helpful. Thank you :)
@Chris Seveney Hi Chris, I will privately message you :) Thanks
Megan we have some deals here in OKC as well. Would definitely be willing to put your cash to work. JT
There is local REIN as well as a couple FB groups I use that are local to Boise. Depending on rate I work with investors as well.