Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

9,365
Posts
6,551
Votes
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
Votes |
9,365
Posts

Why YOU Should Become A Hard Money Lender

John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Posted

Why YOU should become a hard money lender:

1. VERY limited risk if you underwrite properly
2. returns up to 60% per anum or more
3. easy easy investment--just collect mailbox money
4. much LESS work than being a landlord
5. returns are steady and will NOT fluctuate like the stock market
6. returns are guaranteed by contract unlike stocks
This is NOT legal advice, it is MY personal experience. My last loan yielded 36% per anum. I have one expected to pay off Aug 1 yielding 29% per anum. Like ANY investment, things can go wrong--BUT--you have a written contract AND good collateral if underwritten properly. There are lots of BS guys promising pie in the sky returns in the RE realm.

If you choose to become a HML you must KNOW YOUR STATE LAWS. Make great money and STAY OUT OF TROUBLE! My returns are in FL and your laws will vary as to rates, etc.

I would like to thank @Jay Hinrichs for helping me become better at this. 

Loading replies...