I'm looking for some reputable private money lenders in the Houston area. I have asked friends and family and have had some luck but would love to work with some lenders who have had experience with investors. If you know of anyone looking for future opportunities please let me know. Thanks!
there are several here in Houston.
just to name a few!
currently we are set to close on a house with searchers capital have been working with Matt, really good guy fair rates and fast responses.
but also had a really good experience with Jet Lending (been to their meet up as well good stuff for sure) hope this helps! let me know if you have any more questions.
Typically the term "private money lender" refers to an individual - could be family, friends, someone you meet at a REI meeting, etc.
If you are looking for firms that work with investors, that is typically referred to as a "hard money" lender. There are a number of them that are active in the Houston area. A couple of the larger ones I am aware of are Noble Mortgage and Jet Lending. Google the term and Houston for more.
@Tom Cooper thank you. I actually was referring to private money lenders for what they are. I am familiar with several hard money lenders, jet lending is one I am familiar with. The issue I have is that many of these private lenders don't typically lend, but they have money to lend. I was hoping someone could point me in the direction of some individuals who have funds to lend but also have experience with investors. I don't have experience with private money lenders and because of that I fear I would not be able to structure the terms as I should.
typically you need to prove yourself to private money lenders.
You need at least a small portfolio or a good presentation in order to 'sway' potential investors into actual lenders. also if you can't persuade family to invest in you, then you need to figure out what you need to change about yourself in order to give them the perception that you are worth investing in.
think positive, act positive, and don't give up. This isn't an easy job, but it is worth it.
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