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User Stats

21
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11
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Kyle Smith
  • Orlando
11
Votes |
21
Posts

Private Lenders in Jacksonville

Kyle Smith
  • Orlando
Posted Feb 1 2023, 07:59

Trying to figure out the best way to find private money lenders for purchase and rehab projects in Jacksonville, FL who are familiar with the area.  Any ideas?

User Stats

405
Posts
281
Votes
Mark Munson
Lender
  • Lender
  • Orlando, FL
281
Votes |
405
Posts
Mark Munson
Lender
  • Lender
  • Orlando, FL
Replied Feb 1 2023, 08:37

Hi @Kyle Smith

Attend your local REIA in Jax and ask if anyone is a PML. Lots of REIAs have meetings or moments in their meetings where all members can present their Haves, Wants, and Needs, I'd ask to connect to any PMLs at that time. Finding PM is all about networking, so that's what I'd focus on. Your net worth is your network, so get networking immediately to be successful at REI.

User Stats

1,729
Posts
1,507
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Jason Hirko
Pro Member
  • Lender
  • San Antonio, TX
1,507
Votes |
1,729
Posts
Jason Hirko
Pro Member
  • Lender
  • San Antonio, TX
Replied Feb 1 2023, 13:15

There are a lot of active REIAs in Jacksonville. One that I have been to is run by a private lender who is a good guy. More importantly, what specifically are you looking for from a private lender? Are you looking for someone to lend to you out of their savings account or something more along the lines of an HML? Curating true private investor/lender relationships is a full time job and takes years of networking and proven track records to establish trust, but can be well worth it in the end.

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User Stats

179
Posts
125
Votes
Glen Friedman
Pro Member
  • Rental Property Investor
  • Fleming Island, FL
125
Votes |
179
Posts
Glen Friedman
Pro Member
  • Rental Property Investor
  • Fleming Island, FL
Replied Feb 1 2023, 19:07

There are several private money lenders in Jacksonville.  You are welcome to come to the monthly meetup held on Fleming Island at Whitey's Fish Camp on the 4th Tuesday of the month.  We always have private lenders at the meetup which we always post on Bigger Pockets.

Hope this helps,

Glen