How do you find private money lenders so that you have a source of funds for your real estate deal

without having to go to the bank?

I'm going to tackle that question in this episode of Ask Coach, and we're getting started right now.

Welcome, everyone, to the Ask Coach edition of the Real Estate and Financial Independence

Podcast.

My name's Chad Carson.

You can call me Coach Carson.

I'm your host here.

And this show is all about investing in real estate, achieving financial independence,

and doing more of what matters.

In just a moment, I'm going to take you to a clip from a live stream where someone

asked me the question, Chad, how do you find private money lenders? So just to give you a little bit of

context, what they probably knew because we'd had another conversation earlier, was that the

majority of the funding that I've had over my career as a real estate investor, which is about

almost 17 years now,

most of the loans, or the majority, I would say, have been private money loans, meaning I didn't

step into a bank and apply for a bank loan or a traditional mortgage. Instead, I went to individuals.

Very often other real estate investors who had their own money, who had a self-directed retirement account,

like a 401k or IRA or a line of credit against their house, and they would loan me money

as an individual, and they basically became my bank. So that is what private money lending is.

And so it has a lot of benefits. I'll briefly just say there's a lot of flexibility. I was able to borrow a lot of money

or have access to money even during the Great Recession when banks were not loaning as much money

...