Private Money Lending

[LaShae M.]

Hello all,

I've been researching private money lending and I have a few questions for experienced private lenders:

1) Are you requiring title insurance, and fire and liability insurance?

2) What paperwork are investors typically providing in pitching you a deal?

3) What legal documentation is typically apart of the deal? 

4) Outside of the deal itself, what other considerations relative to the investor are you taking into consideration (i.e. track record, credit, etc.) Basically, what else are you evaluating to determine if you should lend to an investor?

5) Are you establishing LLCs with your investor(s)?