All Forum Posts by: Amir Khan

@Shane Bishop great advise from many already. Unlike others though, I am not a private money lender (PML). However, I work with PMLs all the time and I'll be happy to share with you how I get my PMLs.

I found that for my real estate investments (a specific model), I needed PMLs open for longer term (5-years). Therefore, I decided to target people with self-directed IRA (SDIRA) accounts. I even help people with regular retirement accounts like IRA/Roth IRA and 401Ks rollover to a SDIRA account.

However, instead of targeting individual SDIRA account holders, I collaborate directly with custodians/administrators of SDIRAs. This is in form of educational workshops teaching their clients about using their SDIRA funds for private lending into real estate. 

DM me if you have any questions..

 @Andre Brock that is a fair question and I hear this from beginner to more seasoned investors (like you) all the time.

I raise private money from people with self-directed IRA accounts. Instead of approaching them individually, I collaborate with custodians/administrator of SDIRA and conduct educational workshops about private money lending.

With this system, I have a constant flow of individual real private money lenders (not hard money lenders :). DM me if you have any questions..

@Joe Grespin I access private lending funds from people with self-directed retirement accounts. There is no shortage of funds in this untapped market right now, specially if you know how. People with retirement accounts are NOT pulling back at the moment. In fact, I see more activity as some have transferred funds out of the equity market and directing towards other investment options including private lending. 

I recommend working with non-professional private money lenders because:

- It is much more affordable for you as they don't charge additional fees.

- In most cases, your business model/exit plan can work with their goals. Just ensure your business model/exit plan matches SDIRA holder timeline/plan.

- While generally this type of PML is easier to work with, sometimes you do have to educate them more on your model and the process.

Hope that helps..

@Taylor Dasch if you think big enough, you'll be able to attract all the PMLs you'll need. I do education workshops in collaboration with retirement account custodian companies. This brings in PMLs like clockwork for me. While I don't do fix and flips, many of my PMLs like to do both short and long-term loans. Reach out to me if you have any questions..

@Steve Chaparro the lowest you can start with is $30K (one SFH with 1st lien position). Also I teach courses for new PMLs how to get into private money lending. Please check your DM..

@Brendan Connolly I work with several custodian companies as a real estate investment advisor. If you DM me your information, including what specifically you are planning on doing with your SDIRA, I can do a warm introduction via email to the best custodian that matches your needs (I don't work for any custodian companies)...

@Christian Cunningham the one thing I've learned is to be upfront working with PMLs about their expectation about a specific deal. We deal with distressed properties, so I put everything "good-bad and the ugly" in front of my PMLs. I also teach PML certification course where I emphasize new PMLs ask operators for "more than one" real example of past deals...