Updated almost 11 years ago on . Most recent reply
Private money lenders
Im live in Las Vegas and in the process of looking for private money lenders. Would contacting brokers be the best bet for finding these private money lenders? Thanks for your help!
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Jon Holdman
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
No. Brokers might link you up with hard money lenders. They might even say they're private lenders and they may well be individuals. But they are going to be charging hard money rates.
But true private lenders are people you personally know who are willing to lend you money. You meet them by talking to everyone you know and everyone you meet about what you're doing. A few will be interested. A few of those will have money. A few of those will be willing to lend it to you.