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Updated over 7 years ago on . Most recent reply presented by

Account Closed
  • Niagara Falls, NY
1
Votes |
12
Posts

How do I get private lenders interested in my deal?

Account Closed
  • Niagara Falls, NY
Posted
I'm hoping someone will be able to assist me in how to post in the market place for a private lender. I closed on my first deal just lay month (It was a flip) and I paid my mother back. She gave me a loan for the first time but doesn't want to make it a habit so she won't do it again. I was hoping to use the profit for this deal to find the next deal but unfortunately past due student loans took the entire profit. on the bright side I'm a little less in debt but on the negative side my credit still isn't ready for a traditional loan. An auction is coming up. I have money for the down-payment which is due to the auction company the day of, but I'll have to pay the remainder within ten days. I wanted to put a market place post on her but I'm not sure how to present it so it's enticing to private lenders. what information should I include our leave out? I'm looking to do a brrr so I don't keep losing whatever profit I make and getting stuck in the same situation. Any positive feedback would be appreciated. Thank you

Most Popular Reply

User Stats

21
Posts
7
Votes
Steve Jellen
  • Real Estate Agent
  • West Sayville, NY
7
Votes |
21
Posts
Steve Jellen
  • Real Estate Agent
  • West Sayville, NY
Replied

Have you tried to network with a local REI group? You're likely to find local people who know your market and are willing to invest.

Good luck!

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