Monday, March 24, 2014

How to Find Private Lenders

    A private money lender is a non-institutional individual or company that loans money, generally secured by a note and deed of trust, for the purpose of funding a real estate transaction. They are generally considered more relationship-based than hard money lenders. It is very common to find many new real estate investors spend a lot of time learning how to find deals at the expense of finding ways to raise money or equity capital from private money lenders. It is of great importance that investors start realizing that both finding deals and raising money for investment are equally important.

You cannot tie up or purchase a deal if you don’t have money. This is what it means to work smarter rather than harder. You will always be expected to place some good money as down payment for any property you wish to purchase. Raising even a hundred dollars to use for buying may be a problem especially if you are currently living on paycheck to paycheck. Investment success will come your way if you can work on ways of raising capital from private money lenders. Deal with no money is not an investment. In most cases you will find real estate investors spending a lot of time, hours, days or even months finding the next deal.

The next question is how can one find private money lenders? Simple, below are some of the ways to find private money lenders;

 By running an ad in the papers as a way of advertising, e.g. like this;
Private Money Needed
Earn 14% plus 5 points
Rental, 70% Loan to value
$65,000 call ………………..(your phone number)
You may be shocked to receive many phone calls from different people willing to give you the money.
You can also look at your local newspapers to find lenders advertising availability of private money. Alternatively, make phone calls to several agents who work with investors or property owners. You can also ask escrow officers to tell you those who loan money privately.
It is also important to develop multiple lender sources. This is necessary even if you plan to use your own money. This may assist you especially in a situation where your funds are tied up and an opportunity arises with great deal in place. This will definitely lead to your success as an investor.
By using your family members, friends and even your relatives. Approach them with an opportunity that will make them earn higher yields in terms of interest on their money. Explain to them what you intend to do and I believe you will succeed.
Real estate investors and businessmen are also a source of private money. Build a good relationship with them. I believe they always have some additional money to lend out to other investors. They are very receptive to this because they know what it really means to invest in real estate; very comfortable with this industry as a whole. Apart from lending you money they will also give you some coaching on deal analysis and give you some tips that will make you grow as an investor.
Networking with other people especially at social networking sites. Share your business and experience with them and you will be surprised to find somebody willing to lend you money.
 Make use of online databases. It is possible to the private money lenders in your area/locality. Take your time and compile a list of addresses and names of the private money lenders. Take your time and email them by informing them about your business. Don’t you think this can make you receive positive phone calls? Yes of course and you will not miss to get capital for your real estate deals.
To your Wealth!
Russell Roesner
Equity Coalition
www.equitycoalition.com
(415) 680 3454


12 comments:

  1. Nice Article Posting. Business funding is the best idea for startup business or enhance the existing business. There or lot of private lenders, fund investors or financial service companies provide the project funding according to the business requirements.
    Selective Financial Services

    ReplyDelete
  2. How about land loan? It is so difficult to get the vacant lot loan now. I have many clients looking for such a loan but private lender or hard money loan is out of this world; they want 13% interest only for a year or two ... a bit much dont you think?

    ReplyDelete
  3. I am extremely impressed thanks for sharing all information. It is a great post for the people to get the proper information.
    Real Estate Investment Nationalwide

    ReplyDelete
  4. Thank you for steering me in the right direction

    ReplyDelete
  5. I was very encouraged to find this site. I wanted to thank you for this special read. I definitely savored every little bit of it and I have you bookmarked to check out new stuff you post.

    ReplyDelete
  6. Amazing post….You have shared nice information. Thank you for sharing.

    ReplyDelete
  7. Permit me to introduce you to LE-MERIDIAN FUNDING SERVICES. We are directly into pure loan and project(s) financing in terms of investment. We provide financing solutions to private/companies seeking access to funds in the capital markets i.e. oil and gas, real estate, renewable energy, Pharmaceuticals, Health Care, transportation, construction, hotels and etc. We can finance up to the amount of $900,000,000.000 (Nine Hundred Million Dollars) in any region of the world as long as our 1.9% ROI can be guaranteed on the projects.
    Le-Meridian Funding Service.
    (60 Piccadilly, Mayfair, London W1J 0BH, UK) Email Contact Info...lfdsloans@lemeridianfds.com

    ReplyDelete

  8. I have two financial requirements.

    1. I want to bring funds to india to invest in real estate business upto 30 millions usd required.

    2. I want to invest in Dubai trade desk upto 200 million usd.

    Please suggest how to get funds through SBLC & monitisors.

    Also requesting you to suggest any better financial options available with you as suitable for my requirements. Also suggest any investors who are really interested to invest in india. Also let me inform any other financial deals also from your end or through your network. We have bank facility in various countries.

    mhngroups@gmail.com
    MHN RAMESH

    ReplyDelete
  9. Greetings from Los angeles! I'm bored to death at work so I decided to check out your website on my iphone during lunch break. I love the knowledge you present here and can't wait to take a look when I get home. I'm amazed at how fast your blog loaded on my mobile .. I'm not even using WIFI, just 3G .. Anyhow, awesome site!

    ReplyDelete
  10. Hi there! This is my 1st comment here so I just wanted to give a quick shout out and say I genuinely enjoy reading your blog posts. Can you recommend any other blogs/websites/forums that deal with the same topics? Thanks a lot!

    ReplyDelete
  11. Hi everyone, I am Adorjan Adelmo from Yasinya village Ukraine and I just want to say a very resounding thanks to Pedro Financial loan services for their sincerity, Openness, Transparency, Truthfulness, Love and support during and after getting loan funds from them. I have been through a lot in the hands of in life and time won’t permit me to say all that I went through in the year of pandemic but God answered my prayers through the support and love from pedro Financial loan services who embraced me and understood me despite my initial doubt and unseriousness and with his good heart and love I am now a home owner through his 3% interest rate loan funds and I have vow to spread this news and also tell the world that there are still genuine and few good online loan firms out there that can assist and also revive a dry bone like I was.
    Don’t fail to listen and read this testimony because this is a true life changing experience and anyone that needs this kind of turn around should not hesitate or doubt this because I have proven and I swear to God in Heaven that this story is real and also the story of my experience with them .
    Contact them today for Consolidated loan, business loan, home loan, car loan, personal loan.

    Email: pedroloanss@gmail.com

    ReplyDelete
  12. Hi everyone, My name is Jennifer K. From New Jersey USA, I saw comments from people who had already got their loan from Anderson Loan Finance. and then I decided to make a request based on their recommendations. A few days ago, I confirmed in my personal bank account amounting to $15,000,00 dollars which I applied for. This is really a good news and I am so very happy that I advise all those who need a real loan and who are very sure to reimburse to apply through their email (text or call) +1 719 629 0982. There are sincere
    loan lenders! They are capable to lend you a loan. Contact Mr Anderson

    E-mail: andersonraymondloanfinance@gmail.com

    Fax/Phone: +1 719 629 0982


    E-mail: andersonraymondloanfinance@gmail.com

    Visit Them Office address is (68 Fremont Ave Penrose CO, 812400).

    ReplyDelete