A little direction to become a private lender

[Morgan M.]

Hey BP,

We are listing our home for sale and expect to net $500,000 after paying off HELOC, closing costs, taxes etc. We are fortunate enough to have a decent income and flexible living circumstances for the next couple years.

Given these details I'm really interested in becoming a lender despite not having a large real estate portfolio.  Do any lenders out there have references (books/podcasts/courses) they would recommend for getting started?

Maybe I should start by networking to find a solid real estate attorney I can invest in?  Is $500,000 too low to start with?

My interest in becoming a lender stems from enjoying analysis and problem solving.  I'm also drawn to the power of networking to solve problems (which is why I enjoy BP so much).  Maybe some of you can share success stories you've had as a lender and what you enjoy about the industry.

[Adam Schneider]

@Morgan M. Join the American Association of Private Lenders and attend their convention to become acquainted with the lending industry.