PRIVATE LENDING QUESTIONS

[Kirsten Walstedt]

Does anyone know whether there is already an article somewhere on BP about how to become a private lender? I have some cash that I want to put to work, but I do not know how to start out as a private lender, what to ask for, how to protect myself, what to look for in a partner, etc. I own one rental property but do not have any experience with flips. I just met someone who is an experienced rehabber and he will help me evaluate deals. I asked him if I could be a private lender for him, but he said he has all of his lenders already in place. Thanks to anyone in advance!