New to Real Estate · Los Angeles, CA · Member since 2020 · 1 post · 0 votes
I am interested in hard money investing. I plan on being the private investor and I am trying to figure out how to find those in need of an investor. Does anyone have any tips or tricks in finding those in need of a private investor? Other than scrolling through the forum on this platform...?
I would certainly NOT scroll through the forums unless you're talking about some of the forum superstars. Meeting people at REIAs is a good way to meet quality investors, but you should ensure that you are a desirable investor. You'll want to know how much you're willing to put up and what kind of terms you are willing to offer and know whether or not those are desirable for a solid real estate investor. A private lender (I wouldn't call yourself a hard money lender as that's typically what people consider a more institutional lender) who has $500K to offer at 8% is far different from someone shopping $50K at 12%.
If you are brand new and do not have an investor base that you can call on the best way to find deals would be to go through a broker or another lender who already has that experience.