Amount needed to start lending

[Lisa Hines]

I am not a people person so being a landlord could be a means to acquire enough capital to get into lending. How much money does one approximately need to acquire to start lending? I assume hard money lending would be the best considering there are shorter time frames your money is occupied. 

[Charlie Fitzgerald]

I have to agree with both Jeff and Ann.  Being a lender requires lots of people interaction, sometimes good interaction, sometimes not.  Great lenders build relationships with their borrowers that are the foundation for success for both.  Raising capital to become a lender through rental property ownership is a years and years long process, and like lending, being a landlord is a huge people person undertaking.  I'd caution you to decide if this is an area yiu want to get into.  Although when done well, it can be a lot if fun and be profitable, it's not as easy as many people think and requires lots of attention to detail, accounting skills, knowledge of applicable rules and regulations, deal analysis, and at some point the ability to protect your money loaned when someone's dream all of a sudden becomes a nightmare for both parties.