Guidance on becoming a hard money lender

[Matthew Celeste]

I've got a handful of properties and gave recently been learning about hard money lending and would like to get into it. I'm having trouble finding either A) good resources that outline the process, or B) a mentor who has already walked that path. Any help or guidance would be greatly appreciated!

[Bob Floss II]

@Matthew Celeste Typically hard money is available from an institution that lends money for value add properties as opposed to a traditional lender. If you are an individual looking to lend money, you are more of a private investor or private mortgage. Real estate investors love having private money, but you'll need to establish your lending terms and probably have counsel to represent you and prepare your loan package for the borrower. You'll also want to create a process for how people can apply for a loan through you, what you require, and figure out how your going to review each application and the underlying deal.