Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago, 08/06/2017
How to Find a Private Lender
Hi, I'm a relatively new real estate investor. I'm interested in a property that I would purchase for $35,000 with a rehab budget of $30,000. The house should sell for $140,000. I have the cash on hand to fund $40k of this project, so I'm just looking for that last $25k. I've looked at hard money lenders, but I'm having issues. Either:
A. The loan amount is below the lenders minimum
B. My lack of experience is an issue
C. The rate/fees they would charge are astronomical
I think for such a small loan that finding a person rather than a company is my best bet, and therein lies my question. Where do I find private investors?