Investors seeking alternatives to the stock and bond markets will find refuge in the world of hard money lending. If you are careful and diligent, you can earn solid returns while minimizing risk. The Private Money Lending Guide includes deep educational content about how to become a hard money lender.
In addition to helping you learn to be a hard money lender, The Private Money Lending Guide is a comprehensive online resource for investors interested in learning more about the world of hard money lending and private lending.
#1 Education Source to Be a Hard Money Lender
Find a broker who can help you invest in loans and become a hard money lender. These brokers will discuss various investment opportunities with you. You can choose a loan by:
- loan type
- keyword (e.g. construction loan or rehab loan)
Most private lending opportunities will have a few loans they are in the process of funding and will be able to give you details about particular hard money loans that may met your investment criteria.
Working With Brokers in Hard Money Lending
Most loan professionals in the hard money lending business are looking for long-term relationships with private investors like yourself. Investors tend to choose a lender to work with with whom they have developed a rapport and who has also passed various due diligence requests about various loans under consideration. Avoid working with private lending brokers who are too pushy, or who are trying to sell you on a loan with which are you not comfortable.
Contact one or more of the hard money lenders to learn more about hoe to become a hard money lender. Interview the brokers and choose the one with whom you feel the most comfortable and can show you how to be a hard money lender.