Whether you have lots of money and great credit starting out, or no money and lousy credit starting out, either way, if you truly want to make a serious bid at building a property empire then you cannot discount the importance of learning how to find investor partners and equally how to find private lenders to help fund your real estate investing. As you go along in your real estate investing career, as long as you pay attention and get educated about real estate investing, you will find that the skill you possess in spotting value and valuable money-making opportunities in real estate will far, Far, FAR surpass your ability to get all the money you need to do all these many deals you come across- UNLESS…
You learn how to find investor partners and find private lenders and get your money sources in place AS YOU GO ALONG and BEFORE YOU NEED THEM.
How to Find Investor Partners and Private Lenders
Creative investing techniques aside, sometimes you need real cold cash to do a deal. And if you don’t then you’ll still find more access to money than you might have ever though you needed (yet) when you apply these strategies.
Now, I speak from experience (big time!) when I say that lack of money and/or a negative credit situation can be one HECK of a hurdle to leap over but with enough tenacity and creativity and faith you will do it.
Before you get all disappointed that I’m not saying it’s easy, I want you to consider a paradigm shift in your thinking. Nor will I, when I have bested this challenge (poor credit and/or no money) ever take what I have gained (good credit, wealth, financial independence) for granted and lose it– as some who never face challenges do.”
Believe that and you cannot fail.
Now, as for the steps to help you right now getting your money sources in place to do even more real estate deals, let’s talk about finding investor partners and private lenders for real estate investing.
Here are a few strategies many people can do immediately, and others as soon as is feasible with their time and money availability. Call them and introduce yourself, explain that you are a real estate investor coming across a wealth of high-ROI secure low-LTV real estate deals and in search of short-term mortgage financing from private individuals to get the deals done.
One of three things will happen, two of which will make you money potentially.
Let people know you’re looking for money investors, and that you are in search of investor partners for real estate investing.
Improve your own credit. Here are some simple, easy, and mostly free ideas that won’t work for everyone, but will work for many:
-Hire a credit repair company (be careful there are some scams out there)
-Celebrate your successes and hold yourself accountable. This is an example of the phenomenon that when you want to make money in real estate without your own money it’s What You Know + Who You Know = What you Get.
Realize that if you have the What You Know AND the Who You Know handled, What You Have right now is NOT IMPORTANT.