Being the bank, first hard money loan

[David K.]

Hey Guys-

Since the type of real estate deals I like to get involved with are few and far between, now I might start hard money lending.  Have a friend doing a flip and he needs 150k for 3/4 months.  He's offered me a flat fee of 8k.  Is this good or bad?  How do I get going on this?  I reached out to an attorney whose helped me out in the past, just waiting to hear back, but looking for feedback from some of you who do this type of thing...