My experience as a small Private Money Lender

[Ecaterina Katerina Morosan]

I lended cash to a flipper in California. He mostly does smaller projects that require upgrade and sometimes full gut renovations. He offers 8-10% per transaction which is higher than the average market can offer.

Normally flippers who borrow your money offer 7-10% annually. This guy says that he wants to keep his investors and lenders happy and is willing to offer 8-10% per transaction. In California, you can close on 2-3 deals per year depending on the amount of work needed.

Is there risk involved? Yes, just like with any investments. And I've worked with other flippers before but never shared my experience. With this particular flipper my experience has been great. His assistant is sending me updates and pictures every week, and I keep reinvesting my money with him.

[Damien Pulvino]

Quote from @Nicole Heasley Beitenman:

@Ecaterina Katerina Morosan @Jeff S. Can either of you recommend some resources to learn more about getting into private lending?

 I would recommend picking up a copy of "Lend to Live" from the BP bookstore if you have not already.