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Updated over 9 years ago on . Most recent reply

User Stats

58
Posts
13
Votes
Kenny Lewis
  • Real Estate Agent
  • Roseville, CA
13
Votes |
58
Posts

First steps to finding a private lender?

Kenny Lewis
  • Real Estate Agent
  • Roseville, CA
Posted

I am Brand new to REI and I'm trying to figure out the basics to finding reliable and thorough private lenders to invest in flippers and or rental properties. I know family and friends and Co workers are a better fit for private lenders but outside of them who and how do I get interest to lend me money.

Most Popular Reply

User Stats

80
Posts
41
Votes
George Krajacic
  • Private Money Lender
  • Buena Park, CA
41
Votes |
80
Posts
George Krajacic
  • Private Money Lender
  • Buena Park, CA
Replied

If you are brand new in RE business, for the first 3 to 6 months I would concentrate on learning as much as possible about a business. That you can accomplish by going to REI meetings and attending their seminars and/or by buying and reading 4 or 5 good books. By first educating yourself you will find out that getting money is not hard part of the business but finding a good deal is. Once you are able to find a good deals money will find you!

Good luck, 

George

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