Investment Ideal Range

[Rich D. Rios Jr.]

Hi there Bigger Pockets Family-

I am getting started out and am interested in being a Private Money Lender and working my way up to eventually investing in rentals. However, I am able to only bring $20k although I am planning on being able to set aside more very shortly. As a rule of thumb is it best to have a significant amount of money available for lending, or is a small amount still acceptable for smaller projects such as home improvement for others? 

Thank you so much!

-Rich D. Rios Jr.

[Rich D. Rios Jr.]

Hi there Bigger Pockets team!

    I would like to thank all of you for your responses especially those in the Sacramento area. It really helped me out and from what I gleaned from the comments, was that I need to get more money i.e. pay to play. The second advice that I got out of this chain is that there are deals that are out there but there has to be a positive balance between the relationship building and the deal itself. Having a contract to fully discuss all aspects of the repayment and the retuning interest must be clearly laid out in the contract. Thank you so so much! I hope to meet you all one day!

Cheers!

Rich