How do I find private money lenders ?
I've lost 2 fantastic deals because I couldn't get the funding in time . How do I find a private money lender who could work same day transactions and build rapport with . I'm thinking about adding an equity partner or going in on a project together . How would you guys and gals recommend I search for and connect with private money lenders ?
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Jay Hinrichs
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Jay Hinrichs
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this is were I see the biggest rookie errors.. do all the work find the deal and if you don't have money you try to then find the cheapest private money only to learn there is no such thing unless you already know these folks.
first find an equity partner pay them what they are worth IE 50% of the deal then do the deal 50% for you is better than nothing like whats happening to you now..
then after a few years when you actually have some money you can do your own deals.
I find it ironic all the people who put the Cart way before the HORSE.. IE go to all the trouble to find great deals but don't have their money dead certain.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners