How did you find your PML partner?

Question

Hey guys, I have noticed that I pass up about 2-3 decent deals/ year due to not really having funding, I also have a mindset where even the smallest wins count so If I can make 15k off a flip - assuming that the numbers are very safe - I am happy to do that and continue it at scale. But I have had trouble finding partners to go in with me on deals like this ( 30k profit) Typically they want to see a percentage which is understandable, but I am wondering how all of you flippers / investors found your PML partner or if yall just use HML ??

Jay Hurst · Answer

We are a lender, that is what we do for a living. So, I guess that makes us not a PML? I have never really understood the difference between these two unless you are looking for unsophisticated folks to give you money on deals that do not make sense to lend on. The reality is that a loan that does not make sense to lend on does not make sense to buy in the first place. There should be room for everyone to make money or the deal is just to tight to leverage. (leverage does cost money or why would anyone take the risk?)

If more investors saw their lenders as partners, instead of transactions you would understand that advantages of that. We do deals cheaper for repeat borrowers and we do deals that we might not with repeat known borrowers. Just yesterday we closed on a deal at 80% ARV with nothing into the deal except closing costs for a known quantity borrower.  (Not every deal would work for even known borrowers like that but this deal's parameters allowed for it including a small rehab budget, so small hold back even at 75% ARV but the point is when you have a relationship not every thing is cut and dry. When a borrower treats the lender like a commodity expect to be treated in kind.

Andrew Bosco · Answer

I always go to local attorneys and title companies to ask who their preferred and easy lenders are. They love to refer business!

Amir Khan · Answer

@Taylor Dasch if you think big enough, you'll be able to attract all the PMLs you'll need. I do education workshops in collaboration with retirement account custodian companies. This brings in PMLs like clockwork for me. While I don't do fix and flips, many of my PMLs like to do both short and long-term loans. Reach out to me if you have any questions..

Taylor Dasch · Answer

Very good point. Ill be hitting you up next time I get something and hopefully we can work it out. I appreciate the insight!

Juan Mateo · Answer

Totally get it—those $15–30k flips may seem small to some, but they add up fast when done consistently. I’m a broker/lender in the non-owner-occupied space, and here’s what I’ve seen work:

🔹 HMLs are great for speed, and flexibility

🔹 For PMLs, relationships are key. Start with friends/family, investor meetups, or local REIAs. Show a track record, even if it’s just deals you underwrote but passed on.

🔹 Create a 1-page summary of your typical deal—if you can clearly show the lender how they win and that you’re conservative with numbers, they’ll listen.

You’re on the right track. If you’re consistently finding good deals, the money will come—just show the math and build trust.

Brandon Croucier · Answer

Whats been your constraint? Investors with a good level of experience in flipping can get up to 90% LTV on a purchase + 100% of rehab. Are you not able to come up with the down payment + closing costs on these deals & are looking for someone to come in and fund that portion of the deal?

Taylor Dasch · Answer

Will definitely look into this! I appreciate the comment!

Allen Zhu · Answer

pm me if you need a pml.

Anderson S. · Answer

How many flips have you done in the last 3 years Taylor?

Chris Seveney · Answer

For some of these smaller deals you could do participation agreements - its like a JV where you put in X percentage and the partner brings the rest, its still one loan so its not a first and second position. See it a lot in commercial real estate on larger loans as credit unions do not like big numbers - it can be used on smaller scale as well.

How did you find your PML partner?

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