Closed my first personally know private financer

[Keenan Patton]

As an investor we always use loans for stuff. Bridge for front end purchase and rehab, or 30 years for buy and hold, or credit cards even for that rental that needs some work but is a weird amount of money to ask for with a rehab budget. Today though, today I locked in a lender that's just someone random lady I know with some money. Just a old friend, of my mother's. You never know who is watching you and who has money like that. I called her today after her expressing some interest in some stuff shes seen me do. She's tells me she's trying to be the bank on the next one and is gonna pay for a property in full for me and not make me have a payment for 2 months while I do some rehab and get renters. I'll eventually refinance out of the loan, hopefully in about 6 months, but just the fact I made it work made me feel proud, and I thought I'd share that with everyone here. I also have been in process of closing a financing partner than will have about 120k in one lcc and 300k in another for me to use as anything I need for working capital. If you have the drive and knowledge, you can make this happen.

My last project I negotiated the seller to hold the note, this one someone is giving me cash basically, and my first deal was a negotiated private note held by an older investor while we did a live in flip. From Conventional lending all the way to some random dude with cash, YOU CAN DO IT!!!! Go out and make those connections to become the real estate investor you need to become.