Private money lending company

[Lucien Perreault]

Good Morning BP,

I am starting to get into the private lending side of real estate after expending all of my resources. I have started an investment LLC and a contrarian idea I came across is a strategy where I could link private money investors to flippers and BRRRR investors. I would just take a fee for making the connection.

Is this a good business model and has anyone else done this before?

I would love to hear from those that have done this and what I need to do in order to set up shop properly.

There are plenty of people looking for private money where I am and I know people who are willing to lend.

Very Respectfully,

Lucien

[Chris Seveney]

@Lucien Perreault

I know people who do it along with many other aspects of the business. Expect to be compensated anywhere from 0.5-1pt max

You will have to be experienced in vetting deals and know your lenders as well. Some may want clawbacks that if loan defaults you reimburse the point (held in escrow for a period of time).

Can it be profitable yes but you will need to find a lot of deals