Jason has been on the show now 3 times! It’s because he’s awesome and doing great things in his real estate investing business in Houston.

We have in on the show today to talk about finding and working with private lenders for your house flips.

Now, if you’re new to real estate investing, you probably want to start with working with a partner to fund the deal and split the profits or use hard money until you have a proven track record of several successful flips. This will make it easier to build relationships with private lenders.

In this episode we talk about:

What a private lender is

How they are different than hard money lenders

What criteria Jason uses to determine good lenders from ones he’d rather not work with

How to find these lenders during networking events

Jason really focuses on the “working” part of networking events. I think most investors in general just don’t fully appreciate the power of these events if worked properly.

When negotiating with lenders on terms, Jason likes to frame the argument by showing how he uses the lenders that give the best terms first and then moves up to more expensive ones afters he’s used all of the cheaper one’s money. So, they can ask for higher rates, but they won’t get their money out until the cheaper ones have theirs out first.

Jason also talks about his vanilla and chocolate options he gives private lenders. You’ll need to listen to the episode for that one though. :)

35: [Funding] Finding Private Lenders For Your Flips w/Jason Bible 53:11 Share

Flipping Junkie Podcast with Danny Johnson

Shownotes Transcript

35: [Funding] Finding Private Lenders For Your Flips w/Jason Bible