Three Tips to Find Private Lenders

• Work with a real estate agent. Agents are almost as valuable as private lenders. They can put you in contact with lenders and will also help with the whole process of acquiring the property including the frequently complicated paperwork inspections, setting up an escrow account to keep track of the payment you make on the money you borrow and much more. They will be your eyes and ears for what is going on in the market, when new projects are out there and will help greatly when you go to research a property you are considering buying.
• Be professional. Nobody wants to risk their hard earned cash with a dirty cussing Neanderthal. So clean yourself up when meeting with the people. Make sure your pants are pressed and you are wearing a button up shirt. Make up business cards to add to your persona as a professional real estate investor. Be honest if you have no experience in managing property and they ask tell them exactly what they ask for. You want them to be on your side private money is all about person to person communication and trust. Where a bank relies on your credit and job history to decide if you are a good investment, private money lenders look you in the eye and listen closely to your plan of attack. They decide on a hand shake if you are the right person for the job.
• Join a local investment group. Finding your local people that do Investment Property Loan will give you access to lots of helpful tips and tricks for managing your real estate investments. It may even help you find some private money lenders. Lots of people who own rentals have money to invest in other projects and come with the added benefit of lots of experience in real estate investing. Also when you are speaking with private money investors outside of the investment group you can mention that you belong to this group and raise the quality of your business in the investor's eyes immensely. People like to work with people who will take the time and energy to go out and learn as much as they can about their business and belonging to an investment group will help you do that.