How to be a private lender

[Adrian Birchler]

Hello All,

Recently I have been warming up to the idea of becoming a private lender. However, I've noticed there isn't a ton of actionable content out there on the internet, or at least any that I can find. If anyone has any recommendations for books, podcasts, courses, etc. that would be great. The only content I can find is super super basic but I need something that goes into more detail about how to structure loans and systems and processes lenders use. I do not currently have hundreds of thousands of dollars to lend, but I've heard of strategies that involve raising capital to then lend at a higher rate, essentially making you a hard money lender. I've also considered investing with a hard money lender using this previous strategy. Does anyone here have experience in this space? I thought this may be a good way to get started while still learning. Also, how much is enough to start lending? I know technically you can lend as little as someone needs or is willing to accept but what would be a good starting point?Any advice on the above would be greatly appreciated! I'm hoping to connect with a few active private lenders to learn more about the business model. Thanks in advance!

[Ryan Blake]

@Adrian Birchler I think your best resource will be calling and speaking with other lenders.

As far as investments, it depends on the company. They may also require you to be a Qualified / Accredited Investor in the eyes of the IRS. That will put limitations on who can invest.