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Updated 2 months ago on . Most recent reply

Virginia VanOeveren's profile image
Virginia VanOeveren's profile image
Virginia VanOeveren
  • Member since Aug 5, 2024
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Virginia VanOeveren's profile image
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Virginia VanOeveren
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Virginia VanOeveren
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33
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Private Lending & Conventional Mortgage Advice

As a PML, you should....

Virginia VanOeveren
Posted

To start as a private money lender, educate yourself on real estate investing and lending practices, define clear loan criteria, and conduct thorough due diligence on borrowers and properties. Draft precise agreements outlining loan terms, manage risk by diversifying investments, and build relationships with real estate professionals. Ensure compliance with local laws, start with smaller loans to gain experience, monitor your investments regularly, and trust your instincts as you navigate this venture.

I myself, as a PML. Giving the best quality of service to people is the top priority!

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Mike Grudzien's profile image
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Mike Grudzien
  • Lender
  • from Eugene, OR
  • Member since Nov 12, 2019
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Mike Grudzien's profile image
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Mike Grudzien
  • Lender
  • from Eugene, OR
  • Member since Nov 12, 2019
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Mike Grudzien
  • Lender
  • Eugene, OR
357
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440
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Mike Grudzien
  • Lender
  • Eugene, OR
Replied

Virginia,
That was a perfect, succinct summary of good PML!
Thanks!
Mike 

  • Mike Grudzien
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