I have been checking into private money lenders as well as hard money lenders. We have 2 great deals that would be horrible to pass up.
57,000 Purchase Price
Rental income is great ($1000-$1,200/mo) in the area with great property growth in the area
70,000 Purchase Price
…with a person who wants to purchase on contract giving a $20,000 down payment
Does anybody have any idea how I could fund these deals? I have been researching private money/hard money lenders, but have no idea how to contact them. The names I have gotten of people who claim to be private money lenders have never sent me a reponse back when I emailed them asking if they did private money lending and requesting more information. Does anybody know how to reliably contact these people? We are new at this, banks we have contacted don’t do lending for investment properties. Please HELP!!