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Updated almost 7 years ago on . Most recent reply

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31
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Jeremy Willis
  • Annapolis, MD
3
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31
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Private Lending Where/How to look

Jeremy Willis
  • Annapolis, MD
Posted

Hello everyone, where should I begin my journey to find private lenders? Is it best to have a deal already drawn up and negotiated first then present that to a lender or visa versa? What are good ways to build relationships when you have never done a deal?

THANKS!

Most Popular Reply

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741
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Stephen Akindona
  • Investor
  • Memphis, TN
845
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741
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Stephen Akindona
  • Investor
  • Memphis, TN
Replied

@Jeremy Willis, I know this will sound cliche but it is really all about relationships! You have to tell everyone you know and meet about real estate investing and what you plan to do! Get to the local REIA meetings and network. Meet people that are doing what you want to be doing.

This is the strategy I used when first getting started and I was introduced to my mentor who freely shared all of his contacts with me and made introductions vouching for me. Now I have several lenders that I have done a lot of deals with! No short cut around this just have to get busy meeting folks!

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