Hey BP,
I've been a full time real estate investor for 4 years now, and my company has flipped over 60 homes in Columbus, Ohio since 2013. Honestly, I never even knew private lending existed until I got into real estate. I read a lot of books, listened to a lot of podcasts and gurus, bought my fair share of real estate dvd's and programs, etc....that being said, I've learned a lot about real estate and raising private money over the past 4 years. Through all that learning, I'm grateful to say I have been fortunate enough to fund all but 2 of my deals with private money during my real estate career (had to use hard money on those other 2 deals), and it's allowed me to grow my business in ways I never imagined.
Needless to say, private lenders are really the core of my business and allow me to do what I do. I could still send out marketing, find deals on the MLS, manage contractors on a job site, and still complete a successful rehab project, but without private lenders I wouldn't be able rehab the quality and quantity of homes I do today. To me, private lenders have never been just a person loaning me money to fuel my business - I've built long term PARTNERSHIPS (and even friendships in some cases) with all the private lenders I've done business with, and I still have private lenders who have been working with me since Day 1 of my real estate career. It takes a lot of trust for someone to take a chance and loan $100k of their hard earned money to a young man just starting a real estate business so he can rehab and flip a home, with a fair amount of risk involved, so I really cherish those lenders that were there right from the beginning and believed in me.
I continue to rehab and flip homes in my market today, but in recent months my business has gradually (and I'd say naturally also) trended toward bigger opportunities, and right now I'm in the midst of breaking ground on several new development/new constructions projects. I'm very excited about this next phase I'm getting into with my business and I've already learned a lot about zoning, planning, local historic commissions, construction drawings, etc. I look forward to continuing on this journey and learning as much as I can about new construction so I can develop the team and resources needed to be as successful as possible, just as I did on the rehabbing side of my business.
With these larger projects comes the need for more funding from private lenders so I'm putting myself out here on BP to find any potential private lenders who might be interested in working with me and my company on some upcoming projects. These private money loans will still be relatively short term at 6-12 months (some may extend a little longer than 12 months), and we can discuss terms that make it worth your while to work with me. Feel free to PM me with any questions and I can provide you more info, setup a call, etc....if you made it this far, thanks for reading and I'll look forward to hearing from you.
Dustin
