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User Stats

12
Posts
0
Votes
Megan H.
  • Lender
  • Boise, ID
0
Votes |
12
Posts

Finding borrowers for PML

Megan H.
  • Lender
  • Boise, ID
Posted

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? 

User Stats

3,558
Posts
1,102
Votes
Erik Estrada
Lender
  • Lender
1,102
Votes |
3,558
Posts
Erik Estrada
Lender
  • Lender
Replied
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. 

User Stats

7,881
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6,283
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Andrew Postell
Lender
Pro Member
#1 Creative Real Estate Financing Contributor
  • Lender
  • Fort Worth, TX
6,283
Votes |
7,881
Posts
Andrew Postell
Lender
Pro Member
#1 Creative Real Estate Financing Contributor
  • Lender
  • Fort Worth, TX
Replied

@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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User Stats

16,753
Posts
14,290
Votes
Chris Seveney
Pro Member
  • Investor
  • Virginia
14,290
Votes |
16,753
Posts
Chris Seveney
Pro Member
  • Investor
  • Virginia
Replied

@Megan House

How much you have? We have plenty of deals that we could send your way

  • Chris Seveney
  • User Stats

    12
    Posts
    0
    Votes
    Megan H.
    • Lender
    • Boise, ID
    0
    Votes |
    12
    Posts
    Megan H.
    • Lender
    • Boise, ID
    Replied
    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 :) 

    User Stats

    12
    Posts
    0
    Votes
    Megan H.
    • Lender
    • Boise, ID
    0
    Votes |
    12
    Posts
    Megan H.
    • Lender
    • Boise, ID
    Replied

    @Chris Seveney Hi Chris, I will privately message you :) Thanks 

    User Stats

    2
    Posts
    1
    Votes
    JT Murrell
    • Flipper/Rehabber
    • Edmond, OK
    1
    Votes |
    2
    Posts
    JT Murrell
    • Flipper/Rehabber
    • Edmond, OK
    Replied

    Megan we have some deals here in OKC as well. Would definitely be willing to put your cash to work. JT

    User Stats

    6
    Posts
    2
    Votes
    Thomas Dent
    • Real Estate Agent
    • Boise Idaho
    2
    Votes |
    6
    Posts
    Thomas Dent
    • Real Estate Agent
    • Boise Idaho
    Replied

    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.