I’m new to BiggerPockets and I’m a private money lender.

The "private money", btw, is supposed to be Arnold's own money from one of his three "private equity firms."

Quote from @Scott Tennell: For real estate investors who have worked with private money lenders, what strategies have you found most effective in structuring deals to ensure both parties are protected and the funding process runs smoothly? 

Hello everyone, I have recently gone under contract on a property and was able to agree to a private loan with a family member to purchase and renovate. It is currently a verbal agreement and I would like to have it s...

Now, I’m diving into the niche of land investing.When I was pursuing the BRRRR strategy, one of the aspects that made scaling seem feasible was the availability of hard or private money lenders.

I will not owe taxes.

If it's just a money grab and there is no desire to associate with the aforementioned, you will most likely be on the losing end and feel very negative about the program.

Sub2 needs to be viewed like Hard Money.

I am in a similar boat...A goal I have for 2025 is to pay off a mortgage (my highest interest is 4.5% and I owe $180K on it).

Two, you'll have a much easier time obtaining a mortgage product if you have a track record of W2 income.In the meantime, continue implementing the strategies you mentioned: save religiously, build your credit, pay any existing debt owed, etc.