Financing and Credit

I Watched Dean & Matt on the webcast last night and it was awesome. One thing wasn't real clear. Matt mentioned going to a real estate investors meeting to find private money lenders. Great idea. He also mentioned doctors, lawyers, professionals, etc. but aside from going to an investors meeting didn't go into details on other ways to contact these people as possible sources for private funds. Does anyone have any insight? Thanks Ken B.

http://money.cnn.com/2015/01/15/news/economy/mortgage-applications-soar/...

If there is anyone that can help me with this I'd appreciate it.

Can someone advise the type of questions to ask a private lender/Hard money lender?

Or does anyone have a script to use?

I want to do this right and I am at a loss.

Thank you all for your help in advance.

Dawn

Hypothetical Scenario

Buy a Move in ready House for 50K and the rent allows it to be a positive cash flow. Just for the scenario, you borrowed all 50K from a family member at 5% interest. All perfectly Legal , correct?

But is this scenario Legal......

Buy a Move in ready House for 50K and the rent allows it to be a positive cash flow. For this scenario, you borrowed the 50K from 10 different friends (5K each @ 5% interest)

Is this Legal???

Hypothetical Scenario

Buy a Move in ready House for 50K and the rent allows it to be a positive cash flow. Just for the scenario, you borrowed all 50K from a family member at 5% interest. All perfectly Legal , correct?

But is this scenario Legal......

Buy a Move in ready House for 50K and the rent allows it to be a positive cash flow. For this scenario, you borrowed the 50K from 10 different friends (5K each @ 5% interest)

Is this Legal???

Happy new year to all my dg member's I have question and hope someone could give me a detailed answer. I was wondering if you start a llc are you allowed to purchase your first income property under the first time home buyers program they have going, the reason I ask is that I know that when you start a llc you have to wait until the llc has built up credit are is it just better to buy the property without the llc and just add it later to the llc after purchase please help..... thanks in advance.

I am looking for a private lender that would allow me to purchase homes for fix and flips and also tax liens/deeds. I am willing to negotiate a certain percentage of my profits.

Hi my name is Stephanie Cherry. I am fairly new in the real estate business. I have this property that I want to purchase as a fix and flip. And I am looking to do a joint venture with another partner or a private lender who will fund the property(purchase price only not rehabbing cost)and I will be willing to negotiate a percentage of the profits as an added bonus. If you are interested I will send you a copy of the project report.

We offer Funds/ money to all in need at very low interest rate 3% if interested contact us now via only email: springinvestmentltdd@****

I see several ads for hard money lenders who are looking to invest in real estate deals. What kind of terms should I bee looking for or try to negotiate to? What are some of the pitfalls that I should try to avoid when dealing with a hard money lender? If I'm not mistaken, I think hard money should only be used for rehab/flips. Is that correct?