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Private Lending & Conventional Mortgage Advice

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Gene Hacker
  • Investor and Home Inspector
  • Lake Isabella, CA
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How did you find your private money lenders.

Gene Hacker
  • Investor and Home Inspector
  • Lake Isabella, CA
Posted Dec 18 2012, 14:05

I got comfortable over the past few years with two private lenders that I was working with. At basically the same time the one turned 70 years old and needs to start taking mandatory withdraws from his SD-IRA and he is fully allocated so he doesn't see himself making many more loans in the future. The other passed away and even though he tough his children and wife about the benefits of investing in private lending, they would rather have cash right now so they are not really interested in continuing in the future.

But I have a few good deals in the pipeline and after working with private money investors like these two, it is very difficult going back to traditional Hard money brokers.

I should have been building similar relationships a long time ago but I didn't...easy to get comfortable.

Anyhow, anyone care to share how they found their current private money investors? Or any other ideas?

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