Perhaps a heavy money taker who has never used hard money knows how to find hard money lenders for real estate. The borrower may need a hard cash loan and can quickly get financing, but first he has to find a reputable, hard cash lender. The hard cash lease is a small, small industry that usually helps professional real estate investors and owners who need special status. There are several ways to get a reliable, hard cash lender, some better than others.
In some parts of the country, such as San Diego, Los Angeles and California, private creditors are easy to find as there are many local lenders. In other parts of the country, there are only a few hard money lenders who can serve the area and make it difficult.
Hard Money Lender Directories and Lists
Some real estate investors are using their favorite search engine and are looking for a hard money creditor library or a hard money creditor list (a list of private money lenders). There are a number of hard cash rental lists that help borrowers find private lenders, some of which are organized by the state or region. Some hard cash lenders can hire free cash while others require a large amount of payment or subscription. The experience and experience of a hard money creditor do not play a role in listing.
It may be wonderful if you have a big leasing list and don’t know where to start. The borrower may decide to contact the nearest creditor. Do some research for each company, and only those lenders who are experienced and reliable will only have hard loans.
Don’t pay for a hard list of money lenders
Never pay for hard money or a list of private creditors. There is plenty of room to say that money lenders or private money lists have many lenders who are willing to give money to almost nothing. If it sounds too good to be true…
On the sales pitch of these lists, sellers seem to hide from private lenders, and only privileged people (who buy the list) can talk to creditors. For borrowers, lending is the business of the lender and every lender wants to talk to a potential customer.
If a potential borrower has a good credible scenario (from the lender’s point of view), the hard money lender will do the business or find someone who can.
Even hard cash lenders available on eBay are also available. Reach $ 150, but don’t worry, just buy $ 10 and free shipping (via email). It is only $ 10, but there is no guarantee of the quality or update of the list.
The person selling the list potentially works on both sides of the transaction, persuading the borrowers to pay from the list and paying the creditor to the list. Probably not a good return for the parties (except for the middle part).
Participate in local real estate investor meetings
Real Estate Investor Meetings are a great place to network and find hard money lenders. If you don’t seem to have hard money lenders at the meeting, ask the other real estate investors at the meeting if you used and borrowed hard loans earlier.
Google is looking for “hard money lenders [your city]”
In case of doubt, ask Google. Google provides an active online presence for local online money lenders. If there are not enough lenders in town, change the city name to the state.