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Updated about 9 years ago on . Most recent reply

Stanley A.'s profile image
Stanley A.'s profile image
Stanley A.
  • Investor
  • from Cypress, Texas
  • Member since Aug 11, 2015
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Stanley A.'s profile image
Stanley A.'s profile image
Stanley A.
  • Investor
  • from Cypress, Texas
  • Member since Aug 11, 2015
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Stanley A.
  • Investor
  • Cypress, TX
6
Votes |
44
Posts
Tax Liens & Mortgage Notes

Private Money Lender!

Stanley A.
  • Investor
  • Cypress, TX
Posted
How does one become a private money lender for real estate deals? What is the minimum cash required? Is there a group to join and invest in? Im in the Houston, Texas market and all insights will be highly appreciated. Thanks all.
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John Thedford's profile image
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John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

Private loans are easy.  Make sure you comply with your state and federal laws.  Do closings through a title company.  My loans range from $50,000 up. Smaller ones do not make any real profit.  you can advertise on Craigslist I find that to be a good source.

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