Met a Commercial Lender for a small private bank in the Chicago area at the WCRT meeting last night.

So see hard money as a tool that allows you to leverage your limited capital and increase your ROI significantly.And by all means, develop your own sources of private money over time.

A few short sales and a few REOs but mostly private sellers.

You may nneed bridge financing, either hard money or private, which you can refi. once the building is up and cash flowing.

If they are just lenders, you'll probably want to pay private money rates -- 8-12%.

I don't normally buy from private sellers, and I'm certainly no expert.

But - by this time, I think you have enough credibility to start attracting "Private Money" or people who want to earn a nice return on their investment by having you flip or buy-n-hold properties.

sent you a private msg via the colleage requestnew here, don't know how to PM youThe broker is great, highest closer and work well with me when I was out of state buyer.Very professional ;) used them on every deal so far.

I have a couple private lenders in mind to help me if I would like to rehab a deal myself.

It is much harder to find out who is the owner of the LLC and their private address/information.