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Updated almost 10 years ago on . Most recent reply
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- Maui, HI
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Have you used private lending? Tell me your story! (for tonight's webinar)
Hey all -I'm doing a webinar tonight on Private Lending and I'd love to tell a couple examples of people who have used Private Lending to fund their real estate deals.
So... in 200-ish words or less, how have YOU used private lending to fund your deals?
(and to sign up for tonight's webinar, click here!)
Most Popular Reply
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A vast majority of my deals are funded through private money loans combined with my own capital. When I started, it was family who was my first private money. That turned into friends, business associates, and then word of mouth. Referrals are also a huge portion of my ever increasing private money. The key for me has always been to protect the investors capital by giving safe LTV's, proper paperwork, security instruments, insurance, and a solid performance history while always returning the principle and interest (even in the cases where a loss on the project happened).
Many of my lenders today are a go on any project I do if they have the capital available simply because of my proven track record. Trust is something I would never break, the cost of that is too expensive!