Finding Hard Money Lenders In Our Current Economy

I just had lunch with an friend of mine that is also a real estate investor yesterday and we were discussing finding hard money lenders. It was not too long ago that hard money lenders were everywhere and it was relatively easy to find ones that would do 100% of purchase price and repairs based solely on the property. Today, it is a bit different.

I am going to share with you the slow way and the faster way. First, the slow way: if you go through the phone book, search on the internet and call a hundred plus hard money lenders I think you can still find one that is flexible enough for the right deal.

However, there is a huge shortcut… what if instead of doing all that legwork yourself, you go to your local investor club and call all your investor contacts and ask for recommendations of hard money lenders they’ve used that are still doing that. Don’t have a ton of contacts? Consider using an Absentee Owner list and doing a voice broadcast or postcard to them to get together and network.

Until my next post,

James

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