finding motivated sellers and hard money lenders - Posted by Molly

Real Estate Investing
1

Posted by Amy on June 27, 2005 at 11:48:36:

Hi Molly, I noticed you listed calling fsbo’s. I continue to run into the brick wall when they find out I’m an investor. (not all the time, but alot.) Just curious about your “script.” Thanks!

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finding motivated sellers and hard money lenders - Posted by Molly

Posted by Molly on January 10, 2005 at 13:17:54:

Hey there,

I’m just starting out, and I was wondering if anyone had tips for finding motivated sellers and hard money lenders. I don’t have a lot of cash to invest with, but I’ve heard that often people will get a line of credit with a hard money lender. How is that done?

Thanks,

Molly

3

Re: finding motivated sellers and hard money - Posted by John (OR)

Posted by John (OR) on January 13, 2005 at 05:01:56:

Molly,

Heidi is correct about finding motivated sellers is a bit more work then
finding the funds/HML.

If you want to discuss doing a HML deal or joint venture (JV), send me
an email. I fund such deals (nationwide) - direct lender, private funds.

John

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Re: finding motivated sellers and hml’s - Posted by Heidi

Posted by Heidi on January 11, 2005 at 08:42:00:

Finding the motivated sellers is the hardest part.

Tips include:

  • Mailing to owners of abandoned/vacant houses
  • Mailing to owners of boarded-up houses
  • Calling FSBO’s
  • Bandit Signs
  • Classified Ads “We buy houses”
  • Flyers in Laundrey Mats - Pawn Shops
  • Calling, Mailing, Knocking on Pre-Foreclosures

on and on, needle in a haystack

Finding Hard Money Lenders

Personally, I’d look for Private Investors to start

  • Find one good deal and get it under contract then…
    Advertise for:

Investor/Partner needed to help buy Real Estate at 60-70% of market value. (or something like that).

Finding the deals is the hardest part. Focus on that and the money will find you. (my opinion).

Heidi