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Updated over 17 years ago,
Should I be a hard money lender
I have an oppurtunity to be a hard money lender tgo an experinced REI
He will pay me 14% on my money and i will have to borrow it off my equity and pay 6%. He will put my name on a property he owns for the 100 or 200 thousand i invest andif worse case i own a portion of a property. I know people who have done this for 1 year and had no problems. This is fairly good return for borrowed money and no toilets or tenent problems.
Has any of you got involved into lending after making some in REI?