Getting started with private money lending

[Nicholas Z.]

Hi everyone,

After several false starts in my real estate investing journey, I feel like I’m finally educated enough to give it another try.

Due to my current situation (dealing with health issues and primary source of income being disability), I don’t have the energy to do a lot of the legwork necessary to succeed in buying/evaluating/managing properties nor the income for (more) conventional loans.

I do, however, have access to capital thanks to managing my money well before my health changed. As such, it seems like becoming a private money lender would be a good way to still participate in real estate using what I have. 

My question: how does one get started doing private money lending? I’ve read a lot about it but haven’t found much about the first steps to head in that direction.

Thanks for any advice!