Watch your competitors to find private lenders

Huh? You are probably asking “What do I look for? What do you mean?

There are MANY other investors who buy, rehab and sell houses. I am not the only “game” in town and neither are you.

Every day properties are bought and sold:

 Bank owned,
Estates,
Pre foreclosures,
 Tax lien properties,
 Fixer-uppers,
 Vacant homes,
 Boarded up “junkers”,
 Condemned properties,
 Mismanaged rentals, etc.

Many investors use traditional bank financing, credit lines, personal cash, etc. BUT there are other investors with money who get money from private individuals to fund their deals. So why not approach the same private parties who already loan money to other investors – your competition.

They already know about private lending. It doesn’t take any additional effort to convince them to loan money as long as the right kind of deals is in front of them.

So with this in mind, think about it now….. You can find new private money in as little one hour to dig up lenders capable of loaning you all the money you can use.

The ANSWER:

Simply do some courthouse research to get names of private money lenders. Look for individuals that have multiple mortgages (and closed in the last 6 months ) in your area.