can any one give me advice on finding private money lenders
im in the area of philadelphia pennsylvania thanks
edited due to Forum rule violation
You can go to your real estate local investor meeting and ask the experienced investors who they use. You can go to auctions and ask investors there. If you wholesale properties to other investors who use private lenders you’ll always find out there.
Good luck in your search.
One of the local real estate investors clubs that I am a member of has a monthly seminar on using retirement funds in real estate. When you go to those meetings there is always 5 or 6 that don’t want to do the real estate they just want the returns. They are very interested in being private money for people that can show ability to make them their returns.
First thing I would suggest is to come up with a game plan on how you’re going to use the funds and your purchase criteria. You need to be able to explain clearly and confidently your strategy. How you will be able to give them 14,15,16% rate of return, your acquisition strategy, collateral used, exit strategies, closing instructions, etc…
Put together a 1-page executive summary to keep you on point when talking to potential private lenders.
Check on the web, there are variety of resources out there 
some says private money is better than hard money,what about you, which among the 2 do you prefer to use?
Private lenders are better for the reason that their rates and terms are much reasonable and economical than hard money lenders.
Just search in google local or yahoo local listings for your area. But please remember private money lenders will ask for a huge interest so be prepared for that.
In reality there is very little if any difference between HMLs and PLs.
That little difference is a biggie for many investors nowadays.
Private money lenders are seeking 10-15% interest on their short term loans and are more concern with the type of property and it’s NOI potential than the borrowers credit.
Private money lenders are more concerned with you. Do they trust you. They are concerned about if their money is safe. Currently their money is in a bank account making maybe 2% and we offer 8-10%, with collateral of the purchased property.everybody wins. With hard money 15%+ and points and costs and 20% down are anti productive.If newbies had the 20% down they would not need the loan in the first place.Use private money wherever you can.
Redhawk
Whether it is private money or hard money in some ways it doesnt matter. What matters is 1st that you find the financing that you need, and 2nd you get the best terms available.
Your going to automatically go with the lender/private that gets you the money you need with the most favorable terms. What makes this all work is that you have many options versus just a couple of options.
I would do the loan for you, however my company isnt licensed there, so I will just give you some places to look for your financing.
www.scotsmanguide.com www.weirdloans.com www.thenichereport.com www.thegrapevine.com www.brookviewfinancial.com wwwrehabfunding.com
I hope that helps you.