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Updated almost 6 years ago on . Most recent reply

User Stats

50
Posts
38
Votes
Cyle Harris
  • Flipper/Rehabber
  • Detroit, MI
38
Votes |
50
Posts

Finding Private Money Lenders

Cyle Harris
  • Flipper/Rehabber
  • Detroit, MI
Posted

I recently sold my first fix and flip and am looking to do a mixture of the BRRRR method and house hacking with my next deal. In my first deal, I used a mixture of personal loans and my own money to finance purchasing, rehabbing, and all other fees. I've heard a lot of good things from experienced investors (i.e. Mark Ferguson) who use private money lenders to finance deals as a preferred alternative.

My question for the BP Community is: how have any of you gone about finding private money lenders and what has been your experience so far with using them? 

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