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Updated over 7 years ago, 08/06/2017

User Stats

3
Posts
2
Votes
Jairus Gunn
  • Investor
  • Becket, MA
2
Votes |
3
Posts

How to Find a Private Lender

Jairus Gunn
  • Investor
  • Becket, MA
Posted
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?

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