Becoming A Hard Money Lender

[Sherri Southwell]

I have been considering rolling my employer-sponsored 401K into a checkbook/self directed IRA for the purpose of providing hard money loans because I am DISGUSTED by the low ROR I get now. What advice do veteran lenders have to keep me out of trouble? What kind of vetting do you do with your borrowers? Due diligence process with properties?

Thanks in advance!