Have you done private lending?

[Gabrielle Simmons]

To those of you have been successful in investing, have you ever used private lending?

How does that usually work out as far as profits go?

[Mitch Messer]

Hi @Gabrielle Simmons and welcome to BiggerPockets!

Yes, we've made extensive use of private lender funds over the past 20 years!

There are certain challenges initially in cultivating relationships with prospective lenders. However, the speed and flexibility of private funds simply cannot be matched by either bank financing or hard money.

At this stage, I would never even consider going to a bank or a commercial lender to finance a deal!

Have you started creating your own private lender opportunities yet?