Private Money Lenders

[Shahin Ahmadpour]

Hi, 

I am looking to connect with private money lenders. I am specifically looking for people who have a 401k, savings, home equity, in which they allow people to borrow money from them and they receive a return on it. Not an actual lender but a person who has funds and wants to make money from loaning out those funds. I was using OPM such as home equity or someone's HELOC to purchase real estate and paid the monthly payment on that plus interest to the person lending the money. That particular person cannot help me anymore as they have a child on the way and are working on home renovations. That being said, I am looking for a new contact.

Thanks,

Shahin

[John Bowens]

Quote from @Shahin Ahmadpour:

Hi, 

I am looking to connect with private money lenders. I am specifically looking for people who have a 401k, savings, home equity, in which they allow people to borrow money from them and they receive a return on it. Not an actual lender but a person who has funds and wants to make money from loaning out those funds. I was using OPM such as home equity or someone's HELOC to purchase real estate and paid the monthly payment on that plus interest to the person lending the money. That particular person cannot help me anymore as they have a child on the way and are working on home renovations. That being said, I am looking for a new contact.

Thanks,

Shahin

As a starter, might be helpful to have some educational material you can show them so they understand that yes, it is possible to lend money from an IRA/401k. If you go to youtube and search Equity Trust Company Private Lending, you will find a series of explainer videos that you can look at sharing.

I find many people are not familiar with the fact that they can self-direct their IRA or 401k funds into real estate secured loans. 

Hope this helps for now. Thanks!