Private Lending?

[Simon Aristizabal]

Hello,

I am just starting to narrow down my plans to start investing in real estate. I have been reading a lot about the different types of options to fund and pay for my future properties. However, I do still have tons of questions about how they all work.

The one that sounds the best fit for my needs would be Private Lenders given that I want to buy and hold properties for cash flow.

Now my question, which actually branches to multiple questions, is, how does private lending work? (Yes I know that is a very broad question)

My experience with trying to get a loan to buy a house is:

- Get your credit checked

- Find out how much they can give you

- Finally look at properties.

Now, from what I understand with big deals on apartment buildings and such, these steps are completely different and do not even apply.

With that in mind, when looking for private lending, should I be looking at getting the full amount to buy the property? Or should I just look for the down payment of the property which will be financed with a banker?

All I am trying to ask here is, how does private lending really works? How should I approach a lender? and which order of actions should I follow? (i.e. find properties -> find lenders or find lenders -> find properties)

I am sorry if I am being a little confusing, if so please feel free to ask questions to perhaps make my point clear to you.