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Updated about 4 years ago,

User Stats

75
Posts
61
Votes
Johnny Hastings
  • Investor
  • Stevens Point, WI
61
Votes |
75
Posts

Advice / Mentor on Becoming a Private Lender

Johnny Hastings
  • Investor
  • Stevens Point, WI
Posted

I have capital, and want to be a private lender. I really would like to talk to someone with experience doing this.

I have already found a borrower, but I don't know where to go from having capital, and having a borrower.

I've watched a bunch of youtube videos on the subject, and I've found some Promissory Note, Mortgage, and Deed of Trust forms that will work for my situation. Much of the info I can find is years old, or seems kind of spammy, so I'm unsure what to trust.

I understand property valuation, and the borrower is exploring a few properties to send me details on. He's a solid person, with a good track record on turning around property, and is putting together an appropriate package on each property he is going to seriously consider. 

If someone out there has some solid info on this subject, my ears are open. If I could chat about some of the nuances with someone, that would be fantastic. 

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