Access to private money

2 Replies

Found a deal in Burlington NJ a few months ago. Thought I lost it but it came back to market last month. Purchase price was $650,000 for two houses on 10 acres of land. It was hard to find private investor for $15,000 deposit. Where can I meet these people face to face ?

HI @Kenny M. Lewis ! That's good news about it becoming available again. The best place to meet people who would be interested in something like this would be . . . your local REIA meeting, a real estate meetup of any sorts, or of course here on Bigger Pockets (plus a flight or two, haha).

But for real, your local REIA meetings would be a goldmine for this. If that's a bust then a BP meetup should do the trick.

For such a small amount in second position, it's not going to be very attractive to a professional lender. You're probably better off looking at your own network of personal friends/family. (Or other options completely like an unsecured personal loan, a HELOC on another property you own, etc.)

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