networking for funding

[Lee Schram]

I'm curious to know if anyone has been successful in finding other sources of funding for their deals by attending REI club meetings or meetups?

thanks

[Rick Pozos]

Hey @Lee Schram, obviously I am not in your area, but I have met hundreds of people over 15 years that I have been in real estate. I have talked with many about what I do and given information freely to help others. When you have a service mentality of helping others, people are drawn to you. Sometimes people ask what they can do for me. I let people know that because of my business of investing in real estate that if they know of anyone who has money in a CD or has retirement money that they are just sitting on, that I can help them by helping me with my business. Also that I offer a pretty good return for secured loans.

That may get the conversation started or it may go nowhere. Talk to enough people and someone will start asking you questions which will build a relationship. Take care of your lenders and they will take care of you.

As far as hard money lenders, there are always hml at the reias. They pay to be there. They are legit and can help you with your business, especially when starting out and you need to get a track record. Private money is what comes later after you have paid the high interest rates and points from hml. Network, network, network. It takes time.