subject: Looking For A Lender Hard Money [print this page] Looking for a lender hard money can be a bit frustrating, especially for those who are looking in the wrong places. So if you really need financing that fast and easy like hard money, be sure to try these tested methods of finding lenders. Choose one you think is most effective and then perfect that method.
Meetings. This perhaps remains one of the best places to find hard money lenders. Be sure to attend local real estate meetings. These events will usually involve real estate investors although lenders will surely be present. They will use the meeting to find prospect clients as well. When you find a lender hard money, be sure to get his business card. Talk to him about business and light topics as well just so you are able to build good rapport with him on your first meeting.
Newspaper. The newspaper is not only a good source of daily updates on what"s happening now, it can also be a place to find hard money lenders. Look on the classifieds section. If you can"t find any lender advertisement, you can create your own borrower ad. Indicate in your ad that you are looking for such lender to fund your real estate deal. Be sure to include your contact information in the ad you will run.
TV/radio ads. Apart from newspapers, you can also run some radio and television ads. The good side is that these two media have a greater reach. The down side is that these ads are usually more expensive than print ads. It wouldn"t hurt to ask TV and radio stations for their rates through. Learn about it and then ponder on it and whether you are willing to spend that much in finding hard money loans.
Referrals. You"re already procrastinating because you"re driving around town and you can"t find offices of these lenders. One thing you should have done instead was call friends and colleagues for referrals. They might know a lender hard money.
Online. You can also search for hard money loans on the Net. A lot of national lenders have their own websites. Type "rehab hard money" on Google and you will find a handful of lenders who are willing to finance rehabs and other real estate investments. You can also advertise yourself as a borrower looking for deals.
There are websites that allow you to search for pre-screened lenders. RehabHardMoney.com is such a site. Check it out today if you need hard money financing.
by: Sandy Griffin
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