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Updated about 4 years ago on . Most recent reply
Where to start as a hard money lender? Advice please
I am trying to educate myself to see if I have what it takes to be a hard money lender. When I searched online, all i see are ads offering hard money to house flippers.
But for someone who wants to make some passive income via hard money lending, where do I go to search for house flippers who are looking for hard money for their flips?
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@Mary Joe
Hi Mary! I am a private money lender in WA and help my clients place money in whole note investments. Happy to help an answer any questions you may have on how to get started, how to protect yourself and how our process works to source, underwrite and fund loans safely and legally.
A few resources to start with would be joining AAPL which has courses, resources and an annual conference. I also provide my investors with a copy of the book - Private Money Lending: Learn how to generate a passive income stream. Covers the basics in lay terms.
Good luck!