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Updated almost 5 years ago on . Most recent reply
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Hard money lending by personal investor
If I am interested in lending cash as hard money, what is the best way to get in touch directly with investors looking for loans or with company lenders? How can I ensure security with private borrowers? Thank you.
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@Ginny West
You can find people here on BP or go to local REIA meetings when they open back up
Best way to secure your $ is to:
1. Run a background check on the investor
2. Run a title report on property
3. Have the note and a mortgage / deed of trust to secure your interest
4. Have them sign a personal guaranty
5. Get a resume from the investor on their property and projects - find out how they went and how they were funded ?
- Chris Seveney
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7e investments
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