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Description: How do you find private money lenders to fund a real estate deal without relying on a traditional bank?
I needed $8,000 to complete a real estate transaction, including $6,500 to reinstate an existing mortgage. Instead of applying for conventional financing, I worked with two private lenders who had money in self-directed IRAs.
In this video, I walk through how I found those lenders, why our existing relationships mattered, and how we structured the transaction using a title company, second-lien positions, 10% annual interest, and two points.
I also explain how owner financing fit into my exit strategy and how I repaid the private lenders in less than 12 months.
You'll learn what private lenders want to know before funding a deal, how individual lenders differ from private lending companies and marketplaces, and why a clear repayment strategy matters just as much as the property itself.
**FREE RESOURCE:** Before investing in a rental property, get our Real Property Deal Check: 10 Questions to Ask Before You Spend Your Money on That Rental.
Top 5 Highlights: 1. The $8,000 funding challenge: How two private lenders helped make a subject-to real estate purchase possible. 2. Small IRA accounts can participate: Private money doesn't always come from someone with hundreds of thousands of dollars. 3. The real cost of borrowing: How 10% interest, two points, and interest-only payments worked in this transaction. 4. The repayment strategy: Why owner financing and a clear exit plan mattered to the lenders. 5. Relationships plus documentation: Why trust helped open the conversation, but proper loan documents and understanding lien risk were essential.
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00:00 Introduction to private money lending and the $8,000 deal 02:19 Proper documentation and legal considerations 05:23 Approaching self-directed IRA account holders 08:34 Loan terms, interest, points, and repayment strategy 11:12 Finding private lenders through networking 13:54 Private lending companies and marketplaces 15:05 How to present an opportunity to a private lender 16:20 Legal and custodial considerations 17:07 Building trust and transparency 17:57 The private money case study and lessons learned
About Nancy Wallace-Laabs is a licensed real estate broker investor and national speaker with over twenty years of experience and ten years in property management. She is the co-founder of Money Makin Mamas where she helps professional women transition from paycheck dependency into single family real estate investing through structured decision making and practical application.
Kelcie Leka is the co-founder of MoneyMakin Mamas represents the real life transition the brand is built around. After leaving a high stress corporate sales leadership role, she began building a real estate portfolio using the same single family framework taught inside Money Makin Mamas, bringing a practical, relatable perspective for women balancing career, family, and investing.
Private money lending involves financial and legal risks. This video is educational and is not individualized investment, legal, or tax advice.
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By: Money Makin' Mamas Title: How to Find Private Money Lenders (Even If You Don''t Know Any) Sourced From: www.youtube.com/watch?v=yba51badTUs
