Gearing up towards PML

[Assaf Lowenstein]

Hi, 

Been gearing up towards doing some private lending. I'm reading Live 2 Lend and getting educated through the FB group and hoping to learn more here and connect with other doing private lending. 
we have a 100k HELOC lined up at 4.25% from Aven ready. nNext step is to talk to a local title company to learn about private lending Arizona law and start networking.

Would be great to connect with other PML at the same stage or more advanced to connect, build network and learn. 

Thank you. 

[Christopher Warren]

Nice! 

Greetings from Tucson! I'd love to connect and track with both of you. We routinely use private money within our brokerage and I'd be interested to connect with you and see how it goes. Please let me know if you'd like contacts for a few title companies I trust.

Make sure you do your due diligence on the local lending laws, Arizona is very friendly to business, but there is a licensing component needed.

From Hard Money Home: "Lender Licensing Requirements
A Mortgage Broker License is required of any person who for compensation or gain, or in the expectation of compensation or gain, directly or indirectly negotiates, places, assists in placement, finds or offers to negotiate, place, assist in placement or find mortgage loans on Arizona property for others. There must be a principal place of business (office) in the State of Arizona."