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Updated over 1 year ago on . Most recent reply

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Val Sheridan
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1
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Beginner Looking to lend money to investors.

Val Sheridan
Posted

Hi everyone! I’m new to investing, and currently don’t have enough money to buy a property. However I would like to put my foot in the door. 

I have $1,000 I can invest, and what I’m interested in is loaning it to an experienced real estate investor and then getting monthly payments (much like a bank loan) with interest added. 

Is that possible? Where can I get started? Thank you in advance! 

Most Popular Reply

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2,148
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Joe Homs
  • Flipper
  • Mission Viejo, CA
1,103
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2,148
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Joe Homs
  • Flipper
  • Mission Viejo, CA
Replied

@Val Sheridan keep your money or put it in the bank earning about 5% right now.  You can also use the money to educate yourself about what kind of real estate you want to invest in.  Go to some local meetups in your area and find the people you are looking for.  If you don't have a real estate license, then that is a great way to learn about real estate and not pay an arm and a leg for the courses.

Good Investing...

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