What's the hardest part of building a network of private lenders?

[Justin Key]

What's the hardest part of building a network of private lenders?!

We raised $1.2M in committed capital in the month of July.

I don't say that to brag. We are truly humbled by our partners willingness to team up. But I DO say that to let you know it's easier than you think. Prior to July, we had zero experience raising money.

Private money provides a ton of advantages for both the borrower and lender:

1. Both parties set the terms. It's not a one-way negotiation like it is with a hard money lender.

2. It's passive for the lender and easier for the borrower. As a borrower, you aren't micro-managed by your partners. The lender doesn't have to do anything, but sit back and collect checks. Less red tape. Faster funding. It's a win-win!

3. Lenders have two securities: the property (bought at a discount) and YOU! If you're trustworthy and have rapport in your network, many people will want to invest with you.

4. Highly scalable. It doesn't get harder after you've done 10 successful deals. It gets EASIER!

If you're looking to learn how to start raising private money to fund your deals, let's connect!