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Updated about 14 hours ago on . Most recent reply

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57
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Fallon Gilbert
11
Votes |
57
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What are your methods to finding Private money lenders?

Fallon Gilbert
Posted

Hi all!

I feel like I'm a fish out of water here a bit. I know that there are tons of different types of lenders but I believe for my case I would need a private money lender or hard money lender. To my knowledge, hard money lenders only do shorter terms? Not really sure.

Another issue I'm finding is the amount of money - the deals I do are typically about $30,000 and it seems like not many people are willing to lend on such a small amount. Does anyone know why?

I have, what I think, are good deals, and other properties that are owned free and clear which can be used as collateral. Does anyone know someone that would lend on this amount? Would love to have a conversation!


Here are two of my properties that I put into the bigger pockets calculator. Thanks in advance!

  • Fallon Gilbert
  • Most Popular Reply

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    Chris Seveney
    • Investor
    • Virginia
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    Chris Seveney
    • Investor
    • Virginia
    ModeratorReplied
    Quote from @Fallon Gilbert:

    Hi all!

    I feel like I'm a fish out of water here a bit. I know that there are tons of different types of lenders but I believe for my case I would need a private money lender or hard money lender. To my knowledge, hard money lenders only do shorter terms? Not really sure.

    Another issue I'm finding is the amount of money - the deals I do are typically about $30,000 and it seems like not many people are willing to lend on such a small amount. Does anyone know why?

    I have, what I think, are good deals, and other properties that are owned free and clear which can be used as collateral. Does anyone know someone that would lend on this amount? Would love to have a conversation!


    Here are two of my properties that I put into the bigger pockets calculator. Thanks in advance!


     why not sell some of those other properties to pay for new acquisitions?

    • Chris Seveney
    business profile image
    7e investments
    5.0 stars
    2 Reviews

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