Finding Private Money Lenders in California

Published by admin at March 14, 2017

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So you have heard that private money lenders in California are practically on every corner, but now that you are actually looking for private money lenders in California you do not know where to begin. Well, the good news is you came to the right place to figure everything out.

It is true that Private money lenders in California have a lot to offer potential borrowers; thus, it is no surprise that you are looking to work with them. In general, the best private money lenders are often found by networking, as private money lenders tend to be individuals or non-financial institutions. Moreover, the very nature of borrower and private money lender is more relationships-based, if you will.

Therefore, it almost goes without saying that, before you embark on a vast search of lenders in California you should network (primary circle acquaintances i.e. friends, family, co-workers and even neighbors) and asking your real estate acquaintances (secondary circle). Nonetheless, if you are just starting out in the business of commercial and residential real estate, you may not have as many contacts as you would like, which is perfectly okay. This is what the Scotsmen Guide, private money lender directories, and Goggle were created for—you have to begin somewhere right? Of course, you may be a little wary of using Google or some other internet search engine, but you shouldn’t be—there are dozens of reputable you can find with a cursory search online.

Besides taking advantage of directories, guides, online searches, and networking, you can also find lenders in a few other ways. For instance, you can look for reputable lenders via investors (third party circle) or through contact sites. These particular sites are little different that your standard directories and guides, but there is no need to worry, navigating contact sites become second nature in no time at all.

How to Navigate Contact Sites and More

With that being said, here is a mini-tutorial of how to navigate these above-mentioned contact sites. For starters, the contact sites that are used the most tend to be Lenderpost, Lending Club, and Bigger Pockets Marketplace—just to name a few. On these sites, not only do you have access to valuable lending information, you also have a forum for finding your private money lenders or at least a place that will point you in the right direction in terms of your search. Furthermore, if you are trying to maximum the number of private money lenders available to you, you can also take advantage of investor direct mailing list. Remember, you are in control of your real estate or commercial endeavor, so make it happen by whatever means necessary.

Other Things to Consider

If after doing all of this, you still cannot find a private money lender that meets your needs, then do not be afraid to reach out locally to lenders. However, it is important to note that the likelihood of you not finding a private money lender by using these tips is pretty much non-existence. Therefore, drop whatever you are doing and start your lender search today—make your real estate endeavor a reality.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.