Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 12 years ago,
How did you find your private money lenders.
I got comfortable over the past few years with two private lenders that I was working with. At basically the same time the one turned 70 years old and needs to start taking mandatory withdraws from his SD-IRA and he is fully allocated so he doesn't see himself making many more loans in the future. The other passed away and even though he tough his children and wife about the benefits of investing in private lending, they would rather have cash right now so they are not really interested in continuing in the future.
But I have a few good deals in the pipeline and after working with private money investors like these two, it is very difficult going back to traditional Hard money brokers.
I should have been building similar relationships a long time ago but I didn't...easy to get comfortable.
Anyhow, anyone care to share how they found their current private money investors? Or any other ideas?