Private Lending for "New Again" Investor
I call myself "new again" because most of my real estate investing experience was between 2005-2010 as a real estate agent, landlord , and flipper. Fast forward to 2024...I closed on the latest rental 12/28/23 with my credit union after a preferred lender on this site let me down twice....they admitted their failure in the deals... but still cost me thousands of due diligence funds. My credit union is awesome, but they don't offer purchase and rehab loans; therefore, I'm back in the market for a hard money/private lender. While I've reached out to other preferred lenders on this site, most require at least 2 properties/deals in the last 24 mos....I'm "new again" and don't have the 2 properties yet.
Any help/suggestions?
Most Popular Reply
I would be attending your local REIA meeting and trying to find private money or someone with experience that may be willing to partner with you so you can qualify for the loans you are seeking