(7) Angel Investors
Recently an Angel gave me a loan for $140,000, 10% interest and no payments until the property sold. She made $4,000 in a few months.
An Angel is a private lender who doesn't know it yet. These individuals have money in low-interest bearing accounts, but prefer higher returns. Unlike hard money lenders, Angels may offer attractive terms on little more than a hand-shake.
Prepare a detailed investment proposal, then find an angle by advertising, networking at investment clubs, or sending a personal appeal to folks in wealthy neighborhoods. Open your eyes, wealthy people are everywhere.