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Updated about 10 years ago,
Hi there! I'm new! :)
Hello all! I am new to BP but have been using the last few months to search the forums, take a few webinars and learn about investing and wholesaling. I must admit I have learned a lot from the posts and forums that you guys have posted! I have a few properties that I am wholesaling and one that I am investing in and I wanted to ask what is the BEST way to find private lenders? I have found cash buyers via public records and followed up only to have the address be vacant or email address no longer in use. I have searched findcompsnow.com for the cash buyers and private lenders for recent home sales and have come up short there as well. I also looked at the auction sites in my area to see who purchased properties near the one's I currently have under contract and it seems that some of the cash buyers and/or lenders may not want to be contacted as their information did not lead to actual addresses, email or otherwise. I do have some friends who are investors and/or wholesalers in different states (I am in Maryland and am relocating to the Southwest soon but will still be investing in the DMV area!) and one contact that I have, who is a commercial banker, suggested that I do not attend my local REIA meeting as that was not a good place to find private lenders or investors but just an opportunity to get educated and learn the ropes. I do not feel that I have done everything but I have done a few things to no avail.
What has been the best way to find private lenders for funding rental properties or fix and flips and what is the best way to find cash buyers for wholesaling. (I thought I would ask both questions at once!) Thank you in advance for reading and for your advice!