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Updated about 8 years ago on . Most recent reply
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Where do you find private money lenders?
I was wondering where on this site do you find private money lenders? I don't want to break any site rules posting or looking for private money lenders in the wrong place so I figured I'd ask. I didn't see any on the marketplace. Is the Hard Money Lenders the only place to find lenders without going through a traditional financing option?
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Here is how I did it, first I only use PML's to fund the down payment to get loans and initial project start costs ( 10 k on project starts and 10-15% of loan amount)
That way I can look for people that may have 30-40k of extra cash somewhere! May it be a retirement account or home equity
I use a service called Every door direct from usps. It costs .16 cents for them to stuff a mailbox on a request day with your flier. You chose the mailing route from their website and drop off your mailers to the post office the day before.
On my mailers I invite them to a free a dinner and a money making seminar. My mailing list is from known areas where houses are over 300k. At the seminar just talk about what your looking to do and how you'll do it. Be on your game tho so you don't look like a fool if a question is asked. Done this 6 times now, each time I've gotten more people that show, I have about 12 qualified investors from this!