Looking to start private lending

[Haley Cisar]

Hi everyone! We are hoping to start the process of becoming a private lender to investors. 

I would imagine our first step in this process is speaking to a lawyer to make sure we have the needed documents and protection. We are looking for recs on lawyers you have worked with around Tampa Bay. Also any advice you have to two young people just getting started would be appreciated! 

[Jay Hinrichs]

Quote from @Haley Cisar:

Interesting view! I've had a few PML say that's plenty of cash on hand to start out and using your heloc is there if you want to use it. Thanks for your input

we all have our opinions.. those are from folks that probably want you to loan them money :)
I have been doing this for decades .. so I have a little bit of history with it.. But be careful U dont have enough liquidity etc to make a mistake first time out.. it could wipe you out for years and doing gap fundings or seconds that is a very real risk..