Private Lender Info please

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Account Closed
Member since 2023 · 34 posts · 6 votes
1y

@Charles Clark my comment recently deleted by the moderators for trying to look for a private memory lender 

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    1y
    Quote from @Duane A. Snow:

    Hello,

    I am currently looking at ways to expand my portfolio and also do a few flips that may work out. What is everyone's thought on using a Private lender and where to start looking for a private lender to talk to and see if that would be a good fit for you? 


    your local meetups or top producing RE agents that do flips.. they will know.  I was speaking at a RIA event in LA one time and I asked the audiance about 100 folks who did private lending over half the room raised their hands.. just have to go to these events and keep networking easy to find someone.
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    • Mike GrudzienPro Member
      Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
      1y
      Quote from @Jay Hinrichs:
      Quote from @Duane A. Snow:

      Hello,

      I am currently looking at ways to expand my portfolio and also do a few flips that may work out. What is everyone's thought on using a Private lender and where to start looking for a private lender to talk to and see if that would be a good fit for you? 


      your local meetups or top producing RE agents that do flips.. they will know.  I was speaking at a RIA event in LA one time and I asked the audience about 100 folks who did private lending over half the room raised their hands.. just have to go to these events and keep networking easy to find someone.

       This question is posed about 20 times a week.  There's already many answers in (searchable) past Forums.  But, Jay nailed it this time: spot on advice.

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    • Account Closed
      Member since 2023 · 34 posts · 6 votes
      1y

      @Jay Hinrichs yea right. Everyone is broke at those places. Been there done that one 

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    • Jay HinrichsBusiness Member
      Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
      1y
      Quote from @Account Closed:

      @Jay Hinrichs yea right. Everyone is broke at those places. Been there done that one 


      well not in Manhatten beach CA are they broke .. broke is your mindset not reality for many though sorry you feel that way.
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    • Account Closed
      Member since 2023 · 34 posts · 6 votes
      1y

      @Jay Hinrichs "broke is your mindset not reality for many though sorry you feel that way" ??? What? Bruh, I GOT money lol. You need some money ? 

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    • Account Closed
      Member since 2023 · 34 posts · 6 votes
      1y

      @Jay Hinrichs btw i wish my dad was doing land sales back in the 60's and helping the family get a head start --oh wait he couldn't because he was being sent to the colored folks bathrooms and drinking fountains instead and being denied at the banks...

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    • Jay HinrichsBusiness Member
      Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
      1y
      Quote from @Account Closed:

      @Jay Hinrichs btw i wish my dad was doing land sales back in the 60's and helping the family get a head start --oh wait he couldn't because he was being sent to the colored folks bathrooms and drinking fountains instead and being denied at the banks...


      Wow Ok then. .. HOwever now I see what you saying everyone who you met at meet ups that wanted to borrow from you  you felt were broke.. well maybe so.. folks have to start somewhere right. ?? other wise they would not be looking for guys like us. 
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    • Account Closed
      Member since 2023 · 34 posts · 6 votes
      1y

      @Account Closed you need some money Roger? 

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    • Account Closed
      Member since 2023 · 34 posts · 6 votes
      1y

      @Account Closed "Almost all Black homeownership in 1960 was concentrated in lower-graded (C/D) neighborhoods. Black families attempting to buy in A or B neighborhoods faced near-total exclusion"

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    • Account Closed
      Member since 2023 · 34 posts · 6 votes
      1y

      @Account Closed debt is good Roger. We just need a few tweaks here and there, like this one: The Equal Opportunity for All Investors Act of 2025 (H.R. 3339) is currently working its way through Congress. It passed the House of Representatives in July 2025 and has been sent to the Senate, where it is now under consideration by the Senate Committee on Banking, Housing, and Urban Affairs. This will let more knowledgeable Americans, even if they aren’t wealthy, participate in private market investments such as pre-IPO, venture capital, hedge funds, or private real estate.

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    • Jay HinrichsBusiness Member
      Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
      1y
      Quote from @Account Closed:

      @Account Closed debt is good Roger. We just need a few tweaks here and there, like this one: The Equal Opportunity for All Investors Act of 2025 (H.R. 3339) is currently working its way through Congress. It passed the House of Representatives in July 2025 and has been sent to the Senate, where it is now under consideration by the Senate Committee on Banking, Housing, and Urban Affairs. This will let more knowledgeable Americans, even if they aren’t wealthy, participate in private market investments such as pre-IPO, venture capital, hedge funds, or private real estate.


      that will be a cluster F  in a big way unleash those that cant afford to lose money on the most risky investments and the slickest talking promotors what could possibly go wrong
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    • Jay HinrichsBusiness Member
      Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
      1y
      Quote from @Account Closed:

      @Account Closed "Almost all Black homeownership in 1960 was concentrated in lower-graded (C/D) neighborhoods. Black families attempting to buy in A or B neighborhoods faced near-total exclusion"


      how did this thread turn into a black ownership in America thread. 
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    • Account Closed
      Member since 2023 · 34 posts · 6 votes
      1y

      @Jay Hinrichs where is your data? 

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  • Benjamin AakerPro Member
    Rental Property Investor · Brandon, SD · Member since 2015 · 1k+ posts · 1k+ votes
    1y

    Definitely long-term you need to be making connections as has been said. When starting out, you should consider family and friends to be your private money lenders. There are risks with that, too, so take your time to consider them.

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    • Account Closed
      Member since 2023 · 34 posts · 6 votes
      1y

      @Benjamin Aaker we need congress to create an alternative to Bigger Pockets where investors are given tax credits for investing in people like me who ask you the same question and get cookie cutter answers 

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  • Frankie VozziBusiness Member
    Member since 2025 · 392 posts · 99 votes
    1y

    Great question, Duane private lending can be a great way to move fast on flips or portfolio growth, especially when banks want too much paperwork or time. If you’re exploring private financing options, I’d be happy to share what that process looks like and what to expect, I sent you a Dm! Let's connect.

    [email protected]516-888-7750
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  • Paul Novak
    Rental Property Investor · WI · Member since 2023 · 192 posts · 144 votes
    1y

    I agree with the feedback that has already been provided.  As my network has grown I have used private money from my network and I have also done private money loans myself.  Knowing that your location is Milwaukee Wisconsin my cousin works for the Hard Money Co.  They specialize in hard money loans specifically for real estate.  I haven't used them personally but they could be an option to look into.  My cousin has worked there for many years and has good things to say.  I have also had some friends use them for short term loans with fix and flips, they have also had good things to say.  

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  • Charles ClarkBusiness Member
    Real Estate Broker · Milwaukee, WI · Member since 2020 · 307 posts · 209 votes
    1y

    @Duane A. Snow

    Great question! Private lenders are a smart move for flips — faster closings, flexible terms, and less red tape than banks. Start by connecting at local investor meetups or through trusted agents who work with private lenders often. I work with several investors using private funding — happy to share what’s working and connect you with the right people!

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  • Jesse Cone
    Lender · NY · Member since 2025 · 17 posts · 8 votes
    1y

    He Duane! I am a private lender with a family owned private capital group. Reach out to me and I can assist you and show you the ropes! 

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  • Michael CalveyPro Member
    Head of Sales at BiggerPockets · Denver, CO · Member since 2023 · 134 posts · 154 votes
    1y

    I would only use a private lender who is part of our Featured Lender Program at BiggerPockets. 

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    BiggerPockets
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  • Tracy Scott
    Specialist · Cleveland, OH · Member since 2025 · 41 posts · 9 votes
    1y

    Great question, Duane — private lending can be a solid option if you’re planning multiple flips or want flexibility compared to traditional financing. It really depends on your goals and timeline. Many investors start by connecting with experienced lenders or verified lead sources who specialize in real estate investor data to find reliable contacts.

    I work in the real estate data space, and I’ve seen a lot of investors successfully fund deals this way. Wishing you the best as you grow your portfolio!

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  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    1y

    I work with a few private capital sources who finance Wisconsin investors (Milwaukee included) on both flips and long-term holds. The key is matching your deal type and exit plan to the right structure — not all “private lenders” are created equal.

    If you’d like, I can share a quick breakdown of what strong private funding actually looks like today — terms, leverage, and what lenders are really asking for on flips vs. BRRRs.

    — Reggie Truss | The Loan Father

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  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    1y

    I work with a few private capital sources who finance Wisconsin investors (Milwaukee included) on both flips and long-term holds. The key is matching your deal type and exit plan to the right structure — not all “private lenders” are created equal.

    If you’d like, I can share a quick breakdown of what strong private funding actually looks like today — terms, leverage, and what lenders are really asking for on flips vs. BRRRs.

    — Reggie Truss | The L

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  • Morris Layton
    Developer · Dallas-Fort Worth, TX · Member since 2019 · 6 posts · 4 votes
    1y

    @Jesse Cone what states do you lend in?

    0Reply
  • Jesse Cone
    Lender · NY · Member since 2025 · 17 posts · 8 votes
    1y
    42 states!
    0Reply
  • Jesse Cone
    Lender · NY · Member since 2025 · 17 posts · 8 votes
    1y

    Let's connect I'm a private lender

    0Reply
  • Corina Eufinger
    Rental Property Investor · Oconomowoc, WI · Member since 2016 · 996 posts · 432 votes
    11mo

    Networking in local real estate groups is a great way find private money lenders in the area that are local.  It's not private money but Mach1 Lending is very well respected in the SEWI market as hard money lenders who are more like partners in the transaction (not in an overbearing way...but easy to talk to, helpful).  

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  • Charles ClarkBusiness Member
    Real Estate Broker · Milwaukee, WI · Member since 2020 · 307 posts · 209 votes
    11mo

    @Duane A. Snow

    Using a private lender can be a smart way to fund flips or expand your portfolio quickly. They offer speed, flexibility, and preserve your own cash. A good place to start is networking—local REIAs, real estate meetups, BiggerPockets, LinkedIn, or asking agents and attorneys for connections. Just be sure to do your due diligence and understand all loan terms before committing.

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  • Jerry Starr
    Lender · Boca Raton, FL · Member since 2017 · 42 posts · 11 votes
    11mo

    Using private financing is one of the fastest ways to grow wealth in real estate. It keeps your cash free, lets you move on deals before others can, and helps you scale instead of waiting on banks. It’s just a tool -but if your goal is to build a real portfolio, it’s one of the most effective ones. Happy to walk you through what it would look like for your scenario.

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  • Shiloh LundahlPro Member
    Rental Property Investor · Gilbert, AZ · Member since 2016 · 3k+ posts · 4k+ votes
    11mo

    I differentiate between hard money lenders, and private money lenders. My guess is the majority of the responses you've gotten on this thread are from hard money lenders advertising themselves as private money lenders. In my opinion, a hard money lender is a professional lender - somebody who lends professionally and does it as primary source of their Income. A private money lender is a non-professional lender. It's a person who has money and may lend it out occasionally. They don't have their own docs usually and they don't usually charge doc fees or origination fees. a lot of times they don't know that they should get a deed of trust on a property that they're lending on. This is usually a family member, or a friend. 
    You can usually get much better rates and avoid a lot of fees by going the private money route. The way I have raised private money has been by hosting my own meet ups and sharing with people what I do and letting them know that they're able to lend on my deals if they'd like and earn a return. I would also put them on a WhatsApp group where I would show them what it is that I was doing with real estate and the deals that they were lending on. Using private money helped me scale my real estate portfolio rather quickly. But there is a lot of risk. if you're new at real estate, and you don't have a lot of experience, or network, and you may not know all of the risks involved, you may get the deals where you lose money. And if you are borrowing because you don't have enough in reserves, you may very well lose your friend's and family's money.

    So I would caution you about using private money until after you have used hard money and you have gained a few years of experience and by doing at least 20 deals. At that point, I think that you would have enough experience to show family and friends a track record and you'll have more knowledge to not lose their money.

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  • Mike Klarman
    Specialist · NJ · Member since 2022 · 1k+ posts · 663 votes
    11mo

    Hard Money Lenders are non regulated lending institutions.  They are all started with private capital.  They are no government backed.  The founders either had internal capital or had the ability to borrow the money from Wall Street or private equity to get rolling.  Hard Money lenders may originate with their own money but their profit model does call for them to keep loans on the books.  They need to originate, securitize, and then dump the payment stream into a hedge fund.  Giant hedge funds buy these Hard Money loans for the payment streams.  The people you talk to on the phone are not the lender.  They are a loan officer that works at the lender.  You never speak to the owners, but they all sit on a committee and vote for each loan to fund/decline after UW.  In  a lot of ways this is Private Money that has been institutionalized and relabeled Hard Money.

    Real Private Money, and this is IMO, is someone who does not really lend out money to the general public. You have to know this person, and they have to know you. You'll have to pitch them with numbers backing the pitch. You guys will negotiate terms face to face. Cause what we're looking for as investors in this scenario is really a line of credit. How many of us would like to have 500k LOC with a wealthy private individual and we can draw down on it anytime we see a move worth making? That's an investors dream.

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    • Jay HinrichsBusiness Member
      Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
      10mo
      Quote from @Mike Klarman:

      Hard Money Lenders are non regulated lending institutions.  They are all started with private capital.  They are no government backed.  The founders either had internal capital or had the ability to borrow the money from Wall Street or private equity to get rolling.  Hard Money lenders may originate with their own money but their profit model does call for them to keep loans on the books.  They need to originate, securitize, and then dump the payment stream into a hedge fund.  Giant hedge funds buy these Hard Money loans for the payment streams.  The people you talk to on the phone are not the lender.  They are a loan officer that works at the lender.  You never speak to the owners, but they all sit on a committee and vote for each loan to fund/decline after UW.  In  a lot of ways this is Private Money that has been institutionalized and relabeled Hard Money.

      Real Private Money, and this is IMO, is someone who does not really lend out money to the general public. You have to know this person, and they have to know you. You'll have to pitch them with numbers backing the pitch. You guys will negotiate terms face to face. Cause what we're looking for as investors in this scenario is really a line of credit. How many of us would like to have 500k LOC with a wealthy private individual and we can draw down on it anytime we see a move worth making? That's an investors dream.


      Mike keep in mind there are 14 states that require HML who do 1 to 4 unit non owner occ loans to be licensed.. the rest of the states are as you described.. 
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  • Grace Lilly
    Specialist · Member since 2025 · 48 posts · 11 votes
    10mo

    Hey Duane, great question. A lot of investors start by talking with local private lenders who have actually funded deals in your county. One helpful way is checking public records to see who recently recorded private mortgages or loans on investment properties — those are usually real, active lenders, not brokers or tire-kickers.

    You can also network with local REI meetups, title companies, or agents who work with investors — they usually know who is funding flips in your area.

    Once you talk to a few, you’ll get a good feel for rates, terms, and what structure fits your goals.

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  • Joe Daniel
    Specialist · FL · Member since 2025 · 63 posts · 22 votes
    10mo

    I’ve worked with both private and conventional funding, and private lenders tend to be more flexible when the deal makes sense. Clear numbers, conservative leverage, and a strong exit plan go a long way. Networking locally and Data Sourcing is usually the best starting point.

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    10mo
    Quote from @Duane A. Snow:

    Hello,

    I am currently looking at ways to expand my portfolio and also do a few flips that may work out. What is everyone's thought on using a Private lender and where to start looking for a private lender to talk to and see if that would be a good fit for you? 


     search this group and you will find 100 of them and the terms will be almost identical by all of them as well. 

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  • J CastroBusiness Member
    Lender · Florida · Member since 2025 · 773 posts · 268 votes
    10mo
    Quote from @Duane A. Snow:

    Hello,

    I am currently looking at ways to expand my portfolio and also do a few flips that may work out. What is everyone's thought on using a Private lender and where to start looking for a private lender to talk to and see if that would be a good fit for you? 

    Great question. Private lenders can be an excellent tool when you’re looking to scale or move quickly—especially for flips.

    Most investors use private or hard money lenders when they need:
     • Faster closings than banks
     • Flexible underwriting (asset-based vs. income-based)
     • Short-term capital for value-add or fix & flip projects
    • The ability to close in an LLC

    The key is making sure the lender understands investor deals and the market you’re operating in. When evaluating a private lender, I’d suggest asking about:
    • Experience with flips and BRRRR strategies
     • Rehab funding and draw process
     • Closing timelines
     • Transparency on rates, points, and fees
     •  Whether they lend in your specific market

    As for where to find them—networking platforms like here in BiggerPockets, or local REIA meetups, and referrals from other active investors are usually the best starting points. Talking to a few lenders and comparing structure and execution will help you determine the best fit for your goals.

    Private lending isn’t right for every deal, but when used correctly, it can be a powerful way to expand a portfolio and capitalize on opportunities that traditional financing can’t support.

    Happy to answer questions as you explore your options - we lend in over 40+ states.

    JCREIG Capital Funding
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  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    10mo
    Quote from @Duane A. Snow:

    Hello,

    I am currently looking at ways to expand my portfolio and also do a few flips that may work out. What is everyone's thought on using a Private lender and where to start looking for a private lender to talk to and see if that would be a good fit for you? 


     That's the best way to invest. I've raised over $500k this past year and it made my investing a lot easier. I still also use hard-money because of the simplicity though too.

    [email protected]614-802-5698
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