Innovation in the Hard Money Lending Space

[Eric Boshart]

Hi BP Community,

I got my start in RE investing by providing a loan to an experienced flipper. Since then, I became the borrower, using many different hard money lenders on BRRRR's in the area. Lately, I've considered getting back into the hard money/private money lending space in a more scalable way. However, I'm struggling to figure out how to be innovative in the space as there are probably over 100 hard money lenders just in the DFW area alone, and they're all racing to the bottom in the terms of pricing, which leaves little profitability on a per-loan basis. The material I'm digesting that covers this topic isn't really providing me any creative new ways to add margin or serve the community better than what's already out there.

I'm turning to the BP community to see if any of you have had experience with innovative hard money lenders or have ideas on how to gain a competitive advantage and offer a superior product than what exists presently.

Thanks!