Private Lending (how did you find them)
I was just wondering, what were some of the ways that you were able to find a good private lender or even a good hard money lender to fund your deals.
What did you find was the best resource to scale your business not only the fastest but the best?
@Quentin Mitchell Friends and family are your true private lenders, so reaching out to my network was the way I got started.
That said, I still use bank loans for most of my funding. 4% fixed for 30 years are terms you're not going to get from private lenders, and definitely not HML.
Originally posted by @Tom S.:@Quentin Mitchell Friends and family are your true private lenders, so reaching out to my network was the way I got started.
That said, I still use bank loans for most of my funding. 4% fixed for 30 years are terms you're not going to get from private lenders, and definitely not HML.
I hear you but I was just checking if people had any creative ways may be that I haven't taught of.
Self directed IRA's. Pretty much anyone who has been employed for a while, and switched employers now has control over their 401k. They have the potential to have funds that can be moved to a SDIRA where it can then be used to invest in real estate.