Question regarding short term EMD lending or “gator lending”

[Kristi Tietz]

Hi everyone, I'm a novice investor just getting started and it seems like short term EMD lending or "gator lending" is a great way to go. I have an investor looking to borrow 10k for an EMD in Austin, TX. Is there an easy way to go about that and what is a reasonable amount to ask back on a 30 or 60 day loan? I'm what about contracts/legality? Thank you in advance!

[Dane Barney]

Hi Kristi, 

I am gator lending! Not a bad idea at all! You have got to be sure your contracts and terms are solid and ran through title to be sure you are protected.