Becoming the Bank - Getting Started as a Private Lender

[NaDean Bowles]

Who in here is a private lender?   Either small or large scale.  I'm putting it in my plans.  I know one person who started at $20,000 but it's hard for them to find those who only need that much and that always puts them in second position.  

How much did you begin with?  How much property will that purchase relevant to the market you are in?  What rates do you begin with?  What protections do you have in place to protect your assets?  

Thank you!