Private Money Lenders

[Joshuah Mundy]

I'm starting to focus on finding private lenders. I am learning about SEC rules and regulations. Does anyone have input on how they have found their lenders. Also what rate do you pay/offer them? Do you pay them monthly or yearly? So you have a securities attorney?

I know I have a lot of questions, but I want to make sure I'm doing everything right and treating my lenders the right way.

Also I'm in Michigan between Ann Arbor and Flint. Thanks all!

[Wendy Patton]

I have found most of my private lenders from family and friends - letting them know what i do...then it spreads.  I usually pay them 5-8% and pay annually interest only or full payoff up to them - depends on the deal and how long they are willing to lend it for.   Also you do have to be so careful on what and how you post things online.  Here is a way to do it on social media -  post of your deal or house - then something like - Can't wait to close on this amazing deal i just found.  My last money partner received $xxxx  on the deal we did together.   So many deals are coming my way now.   Yikes, scary but exciting too.     or you can do something vague like this:   So many deals are coming my way now.  This is exciting.  Now.... to go find all the money lenders.   Any ideas guys where you would find a good one?