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Updated over 4 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • California
43
Votes |
22
Posts

Where to go to be a Private Money Lender

Account Closed
  • Rental Property Investor
  • California
Posted

I see a lot of posts about finding PML's but I am looking for information about becoming a PML. I would prefer to actually know or at least meet the borrower. Is that a thing? Where can I go to learn what type of returns are available? Oh and...I'm assuming this is considered Portfolio Income...anyone know for sure?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,245
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42,877
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

go to the local FIBI events  talk to Jeremy Roll  his he wicked smart LA based and between him and all the members you will have no problem finding borrowers.. Keep in mind in CA if you go over a certain threshold you need a license or you need a broker to do the actual paper work and disclosures..  good luck. 

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JLH Capital Partners

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