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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Where You Can Find Private Money Lenders?

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Wholesaling Real Estate, Business, Investing, Rental Property, Real Estate, Real Estate Investing

2.5884 Ratings

🗓️ 22 September 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Here are several ways you can find investors to lend you money for your deals! We want to coach you at Wealthy Investor! Book a call with the team here - https://www.wealthyinvestor.com/ -- Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/ Would you like our team to help build your personal brand? Apply to join Pineda Media at https://www.pinedamedia.com/&...

Transcript

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0:00.0

Let's say you're talking to a brand new investor like brand spakeen new they have no experience

0:07.3

They're just trying to get their foot in the game where do they go to find private money lenders Do they have money

0:14.3

have money themselves?

0:15.3

No.

0:16.6

Okay.

0:17.6

I would say go to meetups or places where other real estate investors would be.

0:22.8

Okay.

0:23.0

And partner with those people before going out

0:26.5

to reach out to private lenders,

0:28.9

because they're gonna wanna see some skin in the game

0:31.6

that you have some sort of experience in order to make sure that their money is going to be safe and even for you I would say start wholesaling before you start going to look for private lenders because you want to build a track record and then also you want to make sure that you can actually do it like you can actually perform.

0:49.2

You don't know if it's going to be your first deal ever, how it's going to go.

0:53.2

And so the worst thing you could do is not keep your word,

0:58.2

but also not pay a private lender back,

1:01.2

because they could be lending to you for the rest of your

1:03.6

career if you do it the right way. Got it so but let's say they don't want a

1:11.4

partner and they don't want to wholesale they just want to

1:14.7

raise money. Okay. What are they? Friends and family because they've probably over the

1:20.1

years have seen you and how you've maybe you've persevered through different types of situations and they probably believe in you more than you believe in yourself.

1:30.7

So I, I mean my family and friends didn't have any money so that was in an. in your

1:35.0

I mean my family and friends didn't have any money so that wasn't an option for me but I would say for those who are trying to look for

1:40.0

and want to just do that strategy. Just go and ask people you know.

...

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