Three common sources to find your private lenders

Author: Alan Cowgill
There are a number of candidates out there for your private lending needs. I have a thorough description of how to make it happen in other books and products that I have available

But just briefly, it could be people who have bought a bank CD. They probably won’t need that money for a while and you can show them that there is a better possible performance by investing in you.

There are people who have lost their job and have an old 401k that can be rolled into a self-directed IRA. That can then be sent into a private investing plan with you. Most people don’t have any knowledge of self-directed IRAs. You can really impress them with your knowledge of this investment product.

There are people who have an IRA that has been through a world of hurt in the stock market. These people would love to have an investment that earns them some money. If you can explain how private lending can make them money, you’re probably in.

There are also people who are selling an extra house. Some of them got the house through an inheritance or a rental that they don’t want anymore. What are they going to do with the proceeds? They probably don’t know. You can guide them buy showing them the possibilities you have for their money.

Once you get a private lender or preferably a team of private lenders, you have to start investing the money wisely in the right real estate properties.

In this market, it is easy to buy low, fix up and sell high. Many of these private lenders want to get into real estate investing but don’t want to do all of the work they believe they would have to do.

Your plan needs to be easy for them and they don’t have to do much of anything. They can tell their friends that they are doing real estate investing and wow them.

This is good news for you because those friends can become referrals.

It is much easier than it seems. About the Author
E. Alan Cowgill is the owner of Colby Properties, LLC. and President of Integrity Home Buyers, Inc. Since 1995, Alan has bought and sold hundreds of single family and/or small multi-family investment properties in Springfield, Ohio. Alan uses Private Lenders, not banks, to fund his real estate purchases. By doing this, he has created his own private bank of $2,000,000 in funds. Alan looks for situations where the seller, the lender, and the eventual homeowner can all "Win". He is not a Realtor, but a Private Investor, author, consultant and national speaker. He has been asked to speak on the topics of ‘Investing for the Beginning Investor.’ and ‘Finding Private Lenders.’ His home study system, ‘Private Lending Made Easy’, shows new and seasoned real estate investors how to find private lenders for their own real estate business.