#AskBP 065: How Can I Become a Private Money Lender?

Expertise: Landlording & Rental Properties, Personal Development, Real Estate News & Commentary, Business Management, Flipping Houses, Mortgages & Creative Financing, Real Estate Deal Analysis & Advice, Real Estate Wholesaling, Personal Finance, Real Estate Marketing, AskBP, Real Estate Investing Basics
572 Articles Written
How Can I Become a Private Money Lender?

On this episode of the #AskBP Podcast, Brandon explores the topic of becoming a private money lender, someone who lends capital for real estate deals. He shares the process for getting started, as well as the red flags to watch for when lending out your cash. Private lending can be incredibly lucrative and passive… but dangerous if not done right. If you ever plan to put your capital to work funding other people’s deals, don’t miss this show!

Want more articles like this?

Create an account today to get BiggerPocket's best blog articles delivered to your inbox

Sign up for free

Watch the Episode Below

Listen to the Episode Below

Links from the Show

Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He is a nationally recognized leader in the real estate education space and has tau...
Read more
    Tek Chai from Podunk, Washington
    Replied over 4 years ago
    Thanks Brandon for your beginners’ guide to private lending. If a real estate investor wants funding on a short-term loan to flip a property, at what number in the flipping calculator would you be concerned if the property posed a risk to your investment or should you care, if you are only a private lender. This may be a different situation, if you are partnering with him/her as a funding partner of the flipping deal of which you have 50% of the net profit when the property is sold. Also, what implication if you are placed as a second lien on the deed of the property as a private lender, in an event the real estate investor defaulted in his/her project.