How to Find Private Money Lenders

Tony: Most banks have kind of tightened things up a little bit, especially like after COVID. But I think the private money opportunities are probably bigger now than they were a few years ago. Going to local meetups or hosting your own is a great way to start building a name for yourself in terms of finding private money lenders.

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100% financing for ALL of your real estate deals? Without thousands of dollars saved up, many people assume there’s no way for them to invest in real estate. But that’s far from true. Today, you can fund your entire real estate deal—including purchase price, down payment, closing costs, and rehab costs—using other people’s money!

Welcome back to another Rookie Reply! If you don’t have the funds to invest in real estate, hear Ashley and Tony share their best strategies for getting deals done with creative financing. They also discuss rehab costs and provide a three-step plan for estimating them. Hiring a property manager is a daunting task for any rookie, but our hosts share the biggest red flags to watch out for when vetting a property management company. Finally, they discuss the touchy subject of rental repairs—who’s responsible and how to keep the peace with tenants!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover

How to get financing for 100% of your deals (purchase price AND rehab costs!)

Four EASY ways to find private money lenders for your real estate deals

The three-step plan you NEED to accurately estimate rehab costs

Red flags to look out for when hiring a property management company

How to determine who is responsible for repairs (without upsetting your tenants!)

And So Much More!

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