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Published Jul 27, 2010.
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California is the most populous state in the United States and the third largest in terms of land area. That being said, it is impossible to obtain the assistance of local hard money lenders without you going out of your mind just to find the best and the most trustworthy financier in the Golden State.

One of the reasons why it is much difficult to get a hold of lenders of hard money in California nowadays is that many banks, mortgage companies, and credit unions have stepped up their lending rules to prevent incurring more profit losses. Many traditional lenders have made it difficult for borrowers, especially those with bad credit, to get a loan. Because of this, borrowers are turning their attention to non-traditional financiers to get the financing that they need.

So how do you find a hard money lender who can provide funding for your real estate investments in the Golden State? It is quite simple, actually. Here are some ways to find a good source of hard money in California:

One of the best ways to find a hard money lender is to join a real estate investing (REI) club and attend its meetings. Many lenders of hard money take part in REI club meetings for the sole purpose of building a network with potential borrowers and business partners. There are also REI club members who have connections to hard money lenders and can recommend a name or two.
Speaking of recommendations, another way to get leads to the best hard money lenders in the Golden State is to ask for referrals. Individuals who have already experienced working with these non-traditional financiers can be a good source of names. You can get referrals from title companies, settlement attorneys, and accountants.
You can also try finding individuals who have a lot of cash to spare and are eager to earn extra income by putting their money to work. People with a large self-directed retirement program or self-directed Roth IRA account usually provide funding for real estate investments.
The Internet is also a great source of information for those who are in need of hard money in California. There are certain lenders that create websites or post advertisements online to market their services.
You can also try visiting www.RehabHardMoney.com. The website can hook you up with the best hard money lenders in California who can fulfill your financing needs.

Originally published here.

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RehabHardMoney, the best place to look for hard money lenders and hard money borrowers. We specialize in bringing hard money lenders and hard money borrowers together.

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