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Updated almost 10 years ago on . Most recent reply

User Stats

338
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133
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Joe Cummings
  • Philly Burbs, PA
133
Votes |
338
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Can I be a Hard Money Lender, With No Money, and Bad Credit????

Joe Cummings
  • Philly Burbs, PA
Posted

LMAO,

Seriously, I was wondering what it was all about, and then I read some shlt and realized my mom and one of my uncles were hard money lenders back in the day. Seems like they only did it on commercial properties.

So anyway, how well funded does one have to be to get into this game? I'm sure there are loops to jump through, but what are they?

Most Popular Reply

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22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
Votes |
22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

If you have enough money to fund a deal, you can be a lender.  Hard to be a lender if you have no money, though.  That's pretty much a deal killer.

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