Understanding Hard Money lender v fix and flip partner
whats the best way to find a fix and flip partner that wants to invest on the side v's an investor who wants to be a hard money lender? I understand the hard money lender position is more secure in regards to a financial risk position. Any forums suggestions on here on looking for partners?
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Good question — I’ve been learning the same thing as I get more into deals. From what I’ve seen, the best way to find a true fix & flip partner is by building relationships with local investors first (meetups, REIAs, even just networking on here) rather than just posting ‘looking for money.’ Partners usually want to see you in action, know your systems, and feel confident in your deal flow.
Hard money lenders are easier to find since they advertise, but the tradeoff is the rates/fees. A partner will take more trust-building but can lead to repeat deals and better splits long term.
I’d say keep posting here, go to meetups in your market, and be super transparent about what you’re looking for — people who are investing on the side usually like working with someone hungry and local.