I was able to secure a hard money lender, but having difficulty in finding a private lender.

I would probably cover the difference out of pocket, or use private lending at 5% with a 5 year pay-off.

How do you guys find private lenders?

One of my questions is do I only deal with private sellers?

Hi Everyone - I'm just getting the ball rolling with my business and need to start building my team of agents, private money lenders, hard money lenders, cash buyers, contractors, attorneys, title companies, landscapers etc.

Hi Everyone -I'm just getting the ball rolling with my business and need to start building my team of agents, private money lenders, hard money lenders, cash buyers, contractors, attorneys, title companies, landscapers etc.

@Rob Smith - all great points above.One thing that I didn't see mentioned is becoming a private lender for real estate investors.IMHO - this is the fastest way to grow you limited seed funds.You can easily charge 1-5 points PLUS 12-15% APR for short term loans that are secured by real estate.I personally use a handful of private lenders to fund my wholesale business [I don't do assignments, I close on each property before reselling].I never pay more than 65% LTV and give the lender a Promissory Note along with a Mortgage.  

Private money LENDERs!!!!  

This works well for static investments such as private placements.  

I actually had my value modified a couple years back because it wa significantly higher than the private appraisal I had from a refi.