Finding Private Lenders
Real Estate Investors: The 11 Top Ways to Find Private Lenders
I a sure you are aware the mortgage market in this country
has collapsed. I do not mean “it is slow” or “down
slightly”, I mean it has COLLAPSED. It is almost
impossible for a home owner to get a mortgage and down
right impossible for real estate investors to get
traditional mortgages.
The solution for the next couple of years will be private
lenders. But how does a real estate investor find private
lenders. Well, finding a private lender is not nearly as
difficult as people think. Here are the top 11 ways to
find potential lenders for your real estate investing
business.
1. Elevator Speech: Prepare a “60 second” elevator speech
and network with everyone you know including friends,
family and business associates. Spread the word you are
looking for investors.
2. Real Estate Investment Clubs: Join your local REI group
and network and spread the word you are a real estate
investor and looking for private lenders to invest in your
deals.
3. Join professional networking groups: You can join
networking groups like BNI and be sure to join and deliver
your “60 second” elevator speech at opportunity.
4. Postcards: You can purchase lists of high net worth
individuals and send a postcard inviting them to call you
to get free information form you or attend an informational
seminar about your real estate investing business and
private lending.
5. Letters: Send letters to a high net worth list as above
or send it to people that have already called or emailed
you from your postcards.
6. Small Local Newspaper Ads: You can place ads in small
newspapers offering the reader to attend an educational
seminar or request a free report.
7. Flyers: Post flyers at senior centers and areas where
high net worth people attend and traffic.
8. Speeches and Presentations: Offer to give a 30 to 60
minute educational presentation about real estate investing
and private lender.
9. Senior Center Newsletters or Newspapers: Advertising in
senior center newsletters, newspapers or even bulletin
boards can be a productive way to get potential lenders.
Again, be sure to offer free information or invite people
to a seminar and provided good information.
10. Law Journals: Most counties and large cities have
weekly or monthly journals for the local lawyers. You may
want to consider advertising in your county’s journal
offering to help the attorney with high net worth clients
and possible better returns than they are currently getting
on CD’s or money markets.
11. Internet: You can spread the word through social
networking sites like Twitter or Facebook. However, I
strongly urge you to simple offer to provided educational
information and do NOT make an offer to borrow money
through internet sources. Advertising directly through the
internet will attract attention form your state SEC
department and I assure you that this is not the attention
you want to attract.
12. Bonus Tip: Talk, Talk and More Talk: Talk to everyone
and spread the word about what you do and what services you
provided.
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I invite you to learn more about Private Lending and get my
new FREE 20-page eBook titled “Discover the Secrets of How
to Fund Your Real Estate Deals with Private Lenders!” by
clicking here
http://realestatewealthtoday.com/FREE-eBook.html .
Mike Lautensack is a full-time real estate entrepreneur and
creator of the Private Lending Presentation Kit. To learn
more go to
http://realestatewealthtoday.com/Private-Lending-Presentatio
n-Kit.html .
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