There are things to be done before you find a hard money lender. You don’t just wake up one morning and say, “I am going to be a real estate investor. I better go find a lender today!” No, you gather financial documents, you look at properties, you come up with some type of business plan and then you find a hard money lender that will work with you. And, this may take some time. There are three key areas where you can find hard money lenders.
The first one is your personal network. Yes, that seems a little obvious. Many people are scared to use their own inner circle because they are embarrassed. They feel like people will think they are a little crazy. Asking your inner circle of friends and family for private money are the best people to ask first. Don’t be scared. When you are honest and vulnerable with people doors seem to open. Be honest with your friends and family about gaining private money. Sometimes, your friends and family may not be able to assist you but they may know someone else who would be able to. It’s okay to be vulnerable and admit you don’t really know everything, but you want to learn.
Another great place to find an Arizona hard money lenders is local real estate meet ups. How do you find one? Look on meetup.com and search REIA (real estate investing association). Every major city has a REIA. Even smaller cities and towns have these associations. This is a place where you can meet people in all walks of the real estate game— and you will meet lenders that have money to invest. Make sure you get their contact information and follow up with them by inviting them to dinner or drinks. These meetings are typically free and if not free the cost is relatively low.
The final way you can get out there and find funding is the internet. There are so many private lenders out there and a speedy way to find them is online. One of the best online forums to use for real estate is LinkedIn. Set up your LinkedIn profile and list yourself as a real estate investor. You aren’t required to have participated in any projects to call yourself an investor. If this is what you want to do, you have to start somewhere. When you are on LinkedIn search for local private lenders, private money investors and hard money lenders. There are hundreds of investors to be found. Send them messages. Let them know what you want to do.
You can borrow money from anyone. However, to be successful you want to find an investor that works best with you and your way of doing business. If you are searching for a lender, please contact us at level4funding.com
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.