Have you ever heard of an angel investor? These are private parties or groups of people that have their own priovate funds to lend. Traditionally, they are looking to fund business ventures, but from time to time you might be able to get them to fund or partner on real estate deals.
There are a variety of different ways to locate these people. You can go online and search for "angel investor network" or "angel investors". you can go to www.gobignetwork.com, www.angel-investor-network.com, www.fundingpost.com, or www.gaebler.com/angel-investor-networks.htm to find angel investors.
I have found angel investors via business alumni associations, entrepreneur clubs and associations and even via the local chanmber of commerce.
I think it is an untapped lending source that can pan out quite well. After all these people are lending money that is unsecured, we are offering them an opportunity to lend money secured to real estate. We can even offer quick profits so they can continue lending on start ups like they normally do. It is a great way for them to infuse a lump sum of additional capital into their pipeline.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125