Any idea where to find private money lenders or lending groups that are not mortgage companies? Many of the properties I look at are under 50k and a lot of lenders won’t touch them. (Not enough money in them.)
Hard money lenders won’t do either. These are for buy and hold. I just need a couple 3 years balloon note.
Private money lendors are not hard money lendors. They loan strickly on the return on Investment you offer them.10-15% and on YOUR reputation. You secure their investment with real estate. Go here for a great book that is a step by step plan that helps you develope your own source of private money. http://www.tuffinvesting.com/