How to find Hard Money Lender through various means:
o This is a hard way to find “private hard money”.
You will find a lot of “conventional” hard money lenders this way. Because the lender is on the internet with a lot of traffic they are very strict with how they lend.
- Newspapers / Penny Savers
o This is a great way to find lenders. You will need to watch the papers regularly. On occasion hard money lenders in your area will place an ad that they have money. Call these ads.
o There are also ads that say something like “pay day loans” these companies have a lot of money and will do hard money lending.
- Other investors
o Other investors may give you hard money lenders to contract
o You may go to a real estate club and find a successful investor. Get their name and take it to your recorder / clerk’s office and look the name up. See who is financing their deals. Take that name and call it. This does not hinder the investor but helps the hard money lender to finance more.
- County recorders / Clerks
o At the county recorder or clerks you can do searches for private people that have done loans more than once to people that do not look like their family. – Similar to looking up investors financer but you are just looking for people who have lent money.
- Foreclosure auctions
o You would go to the foreclosure auction and look for investors. At most auctions you need cash. Either the person bidding at a foreclosure auction has money or is using someone’s money
- Mortgage brokers
o Occasionally mortgage brokers will have contact to hard money lenders but most of the time they have contact to conventional lenders.
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