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Updated almost 9 years ago on . Most recent reply

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Allan Osenberg
  • Investor
  • Long beach, NY
0
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4
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Investing in PM or HM loans

Allan Osenberg
  • Investor
  • Long beach, NY
Posted

I am new to real estate investing.

Over the past year I have made loaned money on 6 different hard money loans ( along with a few other people)

I am trying to find more deals such as these but I am not sure how to go about finding reputable companies to invest with

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38
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Pouyan Broukhim
  • Los Angeles, CA
13
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38
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Pouyan Broukhim
  • Los Angeles, CA
Replied

You should never lend money directly and should always use a broker.   Laws are geared to protect you when a broker is involved compared to when you invest directly yourself. 

Find a few reputable NY brokers and they should be able to provide you with hard money loans.  Make sure to always fund to a trust account or directly to a licensed escrow company or title company.  

Good luck

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