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Updated almost 7 years ago on . Most recent reply

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Christopher Montgomery
  • Colorado Springs , Colorado
11
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73
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Private Lending for deals

Christopher Montgomery
  • Colorado Springs , Colorado
Posted

I have been hearing a lot about using private lending (hard money, etc.) to acquire more realestate, notes, etc. When looking at private money specifically the lending aspect. Do you get prequalified first like a traditional mortgage or do you lock up the deal first with a contract before you look at private lending.

Thank you for taking the time,

Chris Montgomery

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Chris Seveney
  • Investor
  • Virginia
16,358
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18,880
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

Christopher Montgomery
Find private investors- get to know them and find out their requirements then when deals come send them along. Please note 90% of people who say they are private lenders are really scam artists - especially on Facebook. If someone wants $ upfront or rates are equal to or better than regular rates (4-6%) then it’s a scam

  • Chris Seveney
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7e investments
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