HOW TO BE A PML? Here's what I share...

[Esther Joseph]

HI BP COMMUNITY! I can see several posts here about "How to be a PML?". Here's what I can share about it....

To become a private money lender... 

Understand the basics of private lending

Research real estate markets

Determine your investment strategy and criteria for loans, including:

• - Amounts
• - Interest rates
• - Repayment terms

Create legal documents with a lawyer

Network with real estate professionals

Perform due diligence on potential borrowers and their projects

Begin with smaller loans to gain experience

Monitor your investments closely

Consider joining a private lending group for additional resources

Stay informed about real estate trends, lending practices, and legal regulations