If you're interested in purchasing your next real estate deal via private financing, it can be difficult to know where to start. How do you find a private lender? What terms should you ask for? Should you find a lender or a property first? I know that these questions hang up a lot of investors, or would-be investors!
That's why I'm sharing three resources you can use to dive deep into the world of private financing, build your confidence, and secure your next deal! If you've ever been hesitant to enter the world of private financing, this is for you!
- Getting the Money by Susan Lassiter-Lyons. Susan Lassiter-Lyons is the queen of private money. Seriously. She's raised over $26.2 in private capital, and she's made it her mission to teach others how to reach their goals via private financing. Getting the Money contains tons of great strategies for securing private lending, getting in the right headspace, and so much more.
- Private Money Series. Over on the Morris Invest YouTube channel, I've created an entire playlist about finding private money. You'll learn how to create a credibility one sheet, how to decide how to compensate your lender, and you'll even see me set up a lunch meeting with a private lender.
- How to Secure Your First Private Money Lender [Case Study]. If you need additional motivation, you'll love this first-hand account of how a novice investor secured his first private money deal. On episode 59 of Investing in Real Estate, new investor Pablo shares how he sealed the deal! You'll hear all the details on how he did it, interest rate, repayment plan, and how to construct a mutually-beneficial note!