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Updated 4 days ago on . Most recent reply

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Shane Bishop
  • Investor
  • Greenville, SC
26
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Private Lenders - Where to start?

Shane Bishop
  • Investor
  • Greenville, SC
Posted

Hello! My wife and I are current real estate investors looking to expand our portfolio into the STR market and we have identified a potential opportunity in the upstate of SC. Capital is always a major hurtle though, so I wanted to ask if anyone had any recommendations on how to build relationships with private lenders or knew anyone that would be willing to walk us through the private lending process. Any advice would be greatly appreciated! We haven't done anything outside of conventional lending so this would be a new journey for us, but we're excited to learn!

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

I would get your lending lined up..  most sellers want a proof of funds or proof your approved for a loan if you not paying cash.

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JLH Capital Partners

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