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Updated about 10 years ago,
Want To Lend, But No One Is Interested
I am interested in being a private lender for investors who need to get their deals funded. But in my 401k, I only have $3000. Now I realize that's a small amount, but aren't investors looking for their deals to get funded trying to create a pool of many lenders? Doesn't seem to be that way with the people I've talked to. Nobody seems to want to talk to you until you have at least $20,000 to lend. Why can we who have less be private lenders?