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Updated almost 4 years ago on . Most recent reply

User Stats

35
Posts
11
Votes
Javonn Musgrove
  • Investor
  • Pittsburgh, PA
11
Votes |
35
Posts

How'd you expand your private lender list?

Javonn Musgrove
  • Investor
  • Pittsburgh, PA
Posted

Looking for advice on extending my private lending list. I've currently done two transactions with private money. Both with my father 100% finance PP+rehab, I bring closing cost when I refi out.

How do I market this some other family members that I know have the stagnant funds but may be skeptical? If I can increase my private lenders list I can scale even faster and close on more deals. Im learning the velocity of money and compound interest by using my dad as a lender. And using his HELOC twice in a year.

Which ultimately would allow for easier syndications down the line. 


Any tips on how you marketed yourself to potential private lenders would be appreciated. 

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