Updated almost 8 years ago on . Most recent reply
Hard money lending - tips, advice, recommendations
Hey community, I am exploring starting a hard money lending business and wanted to start a thread for all advice on the topic (including what not to do or tools not to use). Does your state require licensing? Did you have to file with the SEC? What software have you used? How do your clients apply? Do you lend on repairs or only the acquisition? What would make your business more streamlined? How is your website designed and flow into your loan software? How did you develop your compliance forms? Do you loan your money, bank money and/or investors money? Do you loan out of your retirement account? How many people work in your company? What are typical startup costs? Anything happen that was not expected? You can always PM me directly too.