If you are unfamiliar with the term “private lending”, get ready to have your mind blown!
A private lender is a non-traditional (i.e. non-bank) individual or company that lends money to fund a real estate transaction. The good news is, private lenders can be found anywhere! Your friends, family members, coworkers and even strangers can be your go-to private lender.
Acquiring the funding for your first real estate transaction can be overwhelming. With so many options – like a self directed IRA, FHA loan, or any other common real estate loan – it can be difficult for beginners to find an ideal option.
What Does An Ideal Private Lender Look Like?
There are many individuals out there who will be willing to help you find funding for a good deal. But not every lender will be perfect for your business’ bottom line. Your ideal lender will be experienced, attentive, efficient, and willing to show you a history of their past deals.
The benefits of using a private lender are endless. From less restrictive application requirements, to a quicker overall process, you’ll never want to use a traditional lender again!
Use our guide to learn everything you need to know to get started: