Hard Money Lender

[Gary Schmalz]

Hi All,

My realtor and I have worked together on multiple properties for multiple strategies.  I trust him.  Today he called and asked if I would be interested in being a "hard money lender."   I believe that is the proper term?  He has a client in need of one, knows our situation and asked if we would be interested. 

I have no idea.

Again, I trust  my realtor, don't know about money lending (as me being the lender), nor do I know the potential borrower.  I have read some posts  on BP, feel more knowledgeable than I did a few hours ago.

What are the questions I need to ask?

What are the things I need to look into?

Any and all BP advice would be greatly appreciated.   Thanks in advance.