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Updated over 11 years ago on . Most recent reply

User Stats

96
Posts
33
Votes
Paul C.
  • Rental Property Investor
  • Henderson, NV
33
Votes |
96
Posts

Branch Out from Buy & Hold to Hard Money Lending (HML)

Paul C.
  • Rental Property Investor
  • Henderson, NV
Posted

I've built my buy & hold portfolio to 10+ SFHs and am happy with how they are performing. While I plan on acquiring more properties, I'm finding the opportunities are not coming as fast as I would like to deploy my investment capital.

I'm considering branching out into other aspects of real estate investing and hard money lending has caught my interest. I've Googled hard money lenders in my area and most seem to have a link on their websites where they try to attract investors with money to lend.

Before I contact any of them, I wanted to throw a few questions out there:

1. Has anyone had experience giving money to hard money lenders to loan out?

2. What is the typical process like?

3. Has anyone had bad experiences?

4. What should I be careful of?


Thanks!

Most Popular Reply

User Stats

13,453
Posts
8,355
Votes
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,355
Votes |
13,453
Posts
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

You might want to start by reading some other threads where @Jeff S. plus many others have already given quite a bit of info:

http://www.biggerpockets.com/forums/49/topics/90005-i-would-like-to-become-a-hard-money-lender-any-resources

http://www.biggerpockets.com/forums/49/topics/79786-how-to-learn-more-about-becoming-a-private-money-lender

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