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Updated about 10 years ago on . Most recent reply

User Stats

58
Posts
9
Votes
Ray Jimenez
  • Flipper/Rehabber
  • Miami, FL
9
Votes |
58
Posts

Best way to find or attract private lenders to your deal?

Ray Jimenez
  • Flipper/Rehabber
  • Miami, FL
Posted

I am really interested in knowing how many investor attract private lenders to invest in there project?  is there any specific technique or language that is being used that works best?

Most Popular Reply

User Stats

496
Posts
205
Votes
Doug McLeod
  • Investor
  • Cypress, TX
205
Votes |
496
Posts
Doug McLeod
  • Investor
  • Cypress, TX
Replied

Its a relationship business. My private lenders have been friends and family and some lenders cultivated by my property manager who trust him to not have them make loans to a dufus. Go to your local REIA meetings. Find out also about self-directed IRA and note-buyer meet ups. Network and keep networking. Talk about what you're doing. Talk about your past deals. It's not about using specific words and language. It's about the deals and your track record and their confidence in you to deliver as promised.

  • Doug McLeod
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