One of the questions most often asked by real estate investors, especially beginners, is, “How can I find private money for real estate investing?” In this article I will explore this topic, and outline a simple approach for finding private money sources and building your own team of private money lenders.

First, it’s important to recognize that, like most other things in life, finding private money for real estate investing is often more about who you know than what you know. The most successful investors are those who can leverage their existing relationships, and build new relationships with people who are in a position to help them reach their goals

What To Do First

The very first thing you should do in your efforts to find private money to use for your deals is to develop a simple but clear business plan. In two or three pages you should be able to outline your investing strategy and tactics, the profit potential, how much money you need, and how you plan to pay it back.