Looking to get into hard money lending under $50k. Any advice?

Question

Looking to get into short term hard money loans under $50k. Located in south Florida. Is this such a market?

George Randall · Answer

I can’t comment on south FL, but in most markets, your potential client base for under $50k might be a bit limited. I would recommend the BP book, Lend to Live. It’s been very helpful to me.

Kristin Fleming · Answer

Lend to Live is a great way to gain knowledge in this regard! There is a Facebook page, too. We do some private equity investing, which is not a hard money loan, but the end result is quite similar for all parties. We regularly receive requests for $50k or less. My experience tells me that this is a very reasonable amount to get started. Feel free to contact me if I may be helpful.

Michael Kinsella · Answer

Are you looking to lend money or looking for a sub-50k hard money loan yourself?

Ryan Lesley · Answer

Hey @Nicole Muscarella,

I haven't personally used them but Kiavi.com is an option that I have heard in hard money lending conversations a lot. There are other companies that are similar that you can check out as well. hope that helps and best of luck 🤝🍀

Looking to get into hard money lending under $50k. Any advice?

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