private lending questions

[Nickolaus Cabcabin]

Hi everyone, Is it possible to get private lending or attract private lenders on my first deal? what are some of your strategies or success stories when it comes to your first successful private lending? thanks, nickolaus Cabcabin

[Mitch Messer]

Hi @Nickolaus Cabcabin and welcome to BiggerPockets! Attracting private lenders is much easier (and quite a bit more fun) once you have an established track record of success.

On your maiden deal, you're probably not 100% confident you'll make enough money for yourself, much less for a private lender.

I urge you to consider doing your first deal, however small it needs to be, with just your own money. Give yourself the gift of confidence and peace-of-mind that comes from having no pressure to perform before you are ready. Take it from one who learned this lesson the hard way!