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Updated over 9 years ago on . Most recent reply
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lending money to RE developers
I am trying to learn how to become a private money lender OR to find a reputable Hard Money lender with whom I can invest. I would be willing to give up a percentage of my profits to invest with a reputable lender
Most Popular Reply
Allan Rosenberg
I personally don't work with brokers because our interests are not aligned. The broker gets a commission for putting the deal together whether or not it's good.
As for starting out I suggest you start networking to meet rehabbers. Look at thier previous flips get try to find out if they're ethical. Find a good real estate attorney who can guide you on the promissory note and deed of trust.
Jay Hinrichs may be able to guide you further