Finding private money lenders

[Jordan Crosby]

I’ve been flipping homes in Columbus, Ohio for about 2 years now. All using my own cash. However, I’ve realized I need to start leveraging my cash to maximize the amount of deals I can do. I am forced to pass up a lot of very profitable deals because my cash is tied up in the flips I’m working on at the time.

So I would like to know, for your first few financed flips, would it be best to go through a bank and get a conventional loan or take the time to find a PML who will want a higher % but continue to finance deals in the future?

Note: Credit scores aren’t an issue. I’m easily able to get approved for conventional financing. This is purely asking which type of lending you believe is the best route.