Beginner Looking to lend money to investors.

Private Lending & Conventional Mortgage Advice

Beginner Looking to lend money to investors.

Member since 2023 · 1 post · 2 votes

Hi everyone! I’m new to investing, and currently don’t have enough money to buy a property. However I would like to put my foot in the door.

I have $1,000 I can invest, and what I’m interested in is loaning it to an experienced real estate investor and then getting monthly payments (much like a bank loan) with interest added.

Is that possible? Where can I get started? Thank you in advance!

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Joe HomsBusiness Member

Flipper · Mission Viejo, CA · Member since 2014 · 2k+ posts · 1k+ votes

@Val Sheridan keep your money or put it in the bank earning about 5% right now. You can also use the money to educate yourself about what kind of real estate you want to invest in. Go to some local meetups in your area and find the people you are looking for. If you don't have a real estate license, then that is a great way to learn about real estate and not pay an arm and a leg for the courses.

Good Investing...

[email protected]949-625-4533

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Joe HomsBusiness Member
Flipper · Mission Viejo, CA · Member since 2014 · 2k+ posts · 1k+ votes
3y
@Val Sheridan keep your money or put it in the bank earning about 5% right now. You can also use the money to educate yourself about what kind of real estate you want to invest in. Go to some local meetups in your area and find the people you are looking for. If you don't have a real estate license, then that is a great way to learn about real estate and not pay an arm and a leg for the courses.
Good Investing...
[email protected]949-625-4533
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Michael Wyatt
Lender · Boston, MA · Member since 2021 · 125 posts · 64 votes
3y
Val, I would try to save up 20-30k and in the meantime go to REI meetups, watch youtube videos, read this forum and the Bigger Pockets books, etc. There isn't a whole lot an investor will be able to do with 1k. You could potentially look at lending your 1k to someone for an EMD. You could also potentially partner with a wholesaler or other investor and see if there's anything you can do to help them in exchange for learning what they do.
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Jamie Parker
Real Estate Investor · Memphis, TN · Member since 2016 · 402 posts · 129 votes
3y
Quote from @Val Sheridan:

Hi everyone! I’m new to investing, and currently don’t have enough money to buy a property. However I would like to put my foot in the door.
I have $1,000 I can invest, and what I’m interested in is loaning it to an experienced real estate investor and then getting monthly payments (much like a bank loan) with interest added.
Is that possible? Where can I get started? Thank you in advance!

If I may ask, are you familiar with being a LP (limited Partner)? The reason i ask is because the set up you are presenting would work well under that type of set up.

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Robin SimonBusiness Member
Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
3y
Quote from @Joe Homs:

@Val Sheridan keep your money or put it in the bank earning about 5% right now. You can also use the money to educate yourself about what kind of real estate you want to invest in. Go to some local meetups in your area and find the people you are looking for. If you don't have a real estate license, then that is a great way to learn about real estate and not pay an arm and a leg for the courses.
Good Investing...

I would definitely agree with this - $1,000 is too small to loan out, etc. you would be much better off with this advice to start networking and working in a role in the industry (agent, investor assistant, actual lender etc)
[email protected]
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