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Updated about 9 years ago on . Most recent reply

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4
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Max Bergstrom
  • Wholesaler
  • Saint Paul, MN
1
Votes |
4
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Little or no money down

Max Bergstrom
  • Wholesaler
  • Saint Paul, MN
Posted
Does anyone know how to find private money lenders who require little or no money down? It's probably a really stupid question....but I'm having a really hard time funding my first few deals. I am currently whole sailing to build cash flow....but there are a couple deals I just can't pass up and I'm looking for private money!

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Ned Carey
  • Investor
  • Baltimore, MD
12,718
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

Private lenders are friends family and associates that lend to you because they know and trust you. 

 To find them talk about what you do to everyone. Everyone asks "Whats new" that is your invitation to tell them. Many people have seen the Flipping TV shows and are interested to hear about real estate. 

When talking to them mention the great deal that got away because you just didn't have enough money. At some point someone will ask "Well How much money do you need?"

  • Ned Carey
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