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JulieH
Joined: 13 Nov 2005 Posts: 6
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Posted: Sun May 28, 2006 7:43 pm Post subject: anyone know where to find private lenders for real estate in |
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| me and my partner have been ivesting in real estate for awhile now and are lookin to find private lenders to invest with us..we seem to have hit a wall on this and dont know where to look anymore.just lookin to see if anyone has any leads |
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jamustrip
Joined: 12 Jan 2006 Posts: 6
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Posted: Fri Jun 09, 2006 4:50 am Post subject: anyone know where to find private lenders for real estate in |
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| http://www.prosper.com/ |
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RickB
Joined: 31 Dec 2006 Posts: 4
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iggy_688786
Joined: 03 May 2006 Posts: 8
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Posted: Sat Jul 01, 2006 11:05 pm Post subject: anyone know where to find private lenders for real estate in |
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| Private lenders and mortgages are two different animals.If you're looking to market to private lenders, create/buy a list of people with higher-than-average incomes for your area who have money market accounts, CDs, or 401Ks that they'd like to get a higher rate of return on. (Be careful crossing state lines. You tread into SEC territory - Securities and Exchange Commission and that's another post altogether!)Send them an information packet (note: that didn't say a postcard) about how you can offer them a better return if they'd like to invest in real estate. Come from a more sophisticated angle than you would a motivated buyer or seller. Your private lenders need to know you'll be in business next week, next month, and next year in order to feel safe enough to invest with you. Having testimonials from previous buyers, sellers, your closing attorney, and mortgage broker as well.Super Smart Web Profits (no affiliation) has websites specific for investors looking to find private lenders. It's like an online credibility kit that your lenders can check up on you with.Also, be sure and join the Better Business Bureau (BBB) and your local Chamber of Commerce. They can both be a great source of leads and credibility for private lenders. |
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