Hi,What advice could you give to someone starting  a Private  Money Lender business? 

Portfolio lenders or private financing (HARD MONEY) also works well for the BRRR strategy, but does require more liquid cash.

Were you provided a Private Placement Memorandum and a copy of the company Operating Agreement?

Should I get into contracting with a flipper or custoM home builder for 50k a year 1099 and start my own llc and be a “real estate professional” and learn the ins and outs while making less money at first,  or take a sales job 9-5 that makes 150k a year w2 and build up capital first. 

You can have a PMS like Hospitable with custom auto messages and AI assistance to answer.

Or you could do a personal BRRRR, so you are the customer and control the customer response. 

Impact: Builds long-term customer loyalty.

We didn't get much traction with Roomster and Kopa as by-the-room platforms, and we are a smaller market without a Padsplit presence.There are a lot of work crews passing through our neck of the woods, so the private rooms are appreciated as a bonus. 

Out here in the west its simply impossible to build anything that will sell for much less than 500k when your lots start at 100k to 200k each then permits are 30 to 75k each.. then you build the home thats the reality.. only way fed helps there is to buy private land and subsidize or turn federal lands into developments. the one market that would work is VEGAS as its surrounded by federal land.And from what I see in west coast the regional builders are back to pumping out spec homes as fast as they were pre GFC..

Hard money loans or private lenders can also help you move quickly, but come with higher interest rates that you'd refinance later on.