Finding Private Money Lenders

[Travis Carpenter]

Looking for ways to reach out to Private Money Lenders in my area. Actual private money lenders, not hard money lenders. Any suggestions? - Thank you in advance

[Stinson Bland]

It is all about networking with people that have money they want to invest. It is really pretty simple…

•Meet people that have money to invest
•Befriend these people
•Tell them what you do
•Tell them about your experience
•Explain to them how you use private money to complete projects and pay a good interest rate
•Tell them about real life scenarios where people made money investing into your projects
•Explain to them how these deals are structured and how their investment is protected
•Present them with an opportunity to make money in real estate using your expertise
•Offer them referrals to other investors that have been happy with their returns
•Close the deal
•Complete the project
•Pay them their profit
•Repeat

This conversation could happen in the matter of minutes or over several months… depending on your experience and sales ability.

I’d advise that you speak to an attorney before you raise any capital (a Real Estate Attorney is preferred). It is also advisable that you have a thorough understanding of the legalities and how to structure a real estate investment.

Good luck.