Asked to give hard money loan

[Wendy Black]

What advice can you give to rental property owners who may give a small hard money loan ($25k?) to a fix & flipper?  It would be our first.

We met him at an REI. He's got excellent reviews online. He's done a number of fix & flips and remodeling jobs and has references. We would want to see his portfolio and follow up on recommendations, but we have no idea where to go from there. We would like to learn more about flipping and hard money lending from those who've been successful at it, but we're not sure it's for us.

Thank you.