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Updated almost 6 years ago on . Most recent reply

User Stats

32
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18
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Morgan M.
  • Northern California
18
Votes |
32
Posts

A little direction to become a private lender

Morgan M.
  • Northern California
Posted

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.

Most Popular Reply

User Stats

947
Posts
638
Votes
Adam Schneider
  • Lender
  • Raleigh, NC
638
Votes |
947
Posts
Adam Schneider
  • Lender
  • Raleigh, NC
Replied

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

  • Adam Schneider
  • Loading replies...