Finding hard money lenders can be easier than you think.
The first place you should always look is locally. Look within the classified section of your local newspapers. I often see ads for hard money lenders. Call them and find out the details. If they can’t help you ask if they know someone who can.
Your next step is look to your local REIA’s - Real Estate Investment Association. There will be many other investors there. Ask who they work with for money and see if you can get their contact details. Also at your REIA meetings there will be Vendors who pay to advertise to your group and they are lenders and then other regular members might will be lenders as well.
The next step if you can’t find a suitable lender or would like to shop around more is to look to people advertising online. On places like www.craigslist.com and real estate forums. Just make sure you fully check them out first to be sure they are 100% real.
Finally a last source for hard money is to look at national lending organizations like www.brookviewfinancial.com They are a nationwide hard money lender. They close fast but their fees and points can be high. But if you have a deal and don’t have any other funding options then take what you can get.
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