Private Lender how to become one

[Miguel Dormany]

Hi, 

If I have money and want to invest it in Real Estate, but am a Newbie and want to start out slow and maybe give my money to someone else to get a higher percentage rate than 5-7% in stocks, how does this work? 

Or if one would prefer to partner with a flipper or buy and holder and one puts the money and the other does the deal. How can one get started and not get scammed being a Newbie to all this?

My problem is I have funds, but don't have the income from a job to get a loan and am running into walls that don't move. I want/will tear down this barrier and start my Real Estate investing just need some guidance, maybe even a lot. 

Thanks in advance for you help .

Miguel

[Bill Gulley]

Originally posted by @Miguel Dormany:

@Michael Seeker and @Ann Bellamy one other question if I may. I'm looking at a couple of properties in Tampa that am considering moving on. I live in Italy and need a good broker/agent to help me out with the area. Any recommendations? Thanks again

 First, while all have good advice, you're getting advice based on your location being in Tampa, it's another world living in Italy, so I suggest you change that to where you are not where you might be from or going to.

I'm not endorsing any company or mortgage broker, but why not just tie up with Ann Bellamy as an investor? Let mortgage brokers take care of lending. 

@Dion DePaoli is in FL. in the mortgage business as well, if you suffer from insomnia who should read his posts as well.....LOL

:)