Because I want to branch out a bit, I am interested in placing money for lenders by finding qualified investors needing cash. Have any of you guys been successful in doing this? and how?
So you are wanting to broker private money? If you have the private lenders lined up all you need to do is find the qualified investors which will not be a problem in todays market. With Fannie/Freddie cutting down to four properties there are tons of investors looking for money.
Yup. I have good relations with quite a few private and hardmoney lenders. I’ll be working out details over the next few days to tighten down the details on how much they have to lend as well as their terms and what the deals need to look like.
Have you been brokering and how does it work for you? any tips?