Anyone hear of Private Money Club (PMC)?
Roselle, IL · Member since 2016 · 131 posts · 31 votes
Anyone hear of Private Money Club (PMC)?
Most Popular Reply
Doug SmithPro Member
Lender · Tampa, FL · Member since 2013 · 2k+ posts · 2k+ votesI’ve been a lender for a long time and know this space pretty well, so when I looked into Private Money Club, what stood out is that it’s primarily a connection platform rather than a lending or underwriting operation. It appears to be designed to help borrowers and individual lenders find each other, but it doesn’t seem to perform underwriting, credit analysis, background checks, or independent deal vetting. That doesn’t make it inherently good or bad, it just means the responsibility for evaluating risk, borrower capacity, collateral, and exit strategy rests entirely with the parties involved. In private lending, those elements are what actually determine whether capital is protected and deals close smoothly over time. Platforms can help facilitate introductions, but they don’t replace disciplined credit thinking, realistic deal structuring, or the experience that comes from seeing how transactions perform across different market cycles.
13 Replies
- 6moDoug SmithPro MemberLender · Tampa, FL · Member since 2013 · 2k+ posts · 2k+ votes
I’ve been a lender for a long time and know this space pretty well, so when I looked into Private Money Club, what stood out is that it’s primarily a connection platform rather than a lending or underwriting operation. It appears to be designed to help borrowers and individual lenders find each other, but it doesn’t seem to perform underwriting, credit analysis, background checks, or independent deal vetting. That doesn’t make it inherently good or bad, it just means the responsibility for evaluating risk, borrower capacity, collateral, and exit strategy rests entirely with the parties involved. In private lending, those elements are what actually determine whether capital is protected and deals close smoothly over time. Platforms can help facilitate introductions, but they don’t replace disciplined credit thinking, realistic deal structuring, or the experience that comes from seeing how transactions perform across different market cycles.
- 6moMike GrudzienPro MemberLender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
Quote from @Doug Smith:
I’ve been a lender for a long time and know this space pretty well, so when I looked into Private Money Club, what stood out is that it’s primarily a connection platform rather than a lending or underwriting operation. It appears to be designed to help borrowers and individual lenders find each other, but it doesn’t seem to perform underwriting, credit analysis, background checks, or independent deal vetting. That doesn’t make it inherently good or bad, it just means the responsibility for evaluating risk, borrower capacity, collateral, and exit strategy rests entirely with the parties involved. In private lending, those elements are what actually determine whether capital is protected and deals close smoothly over time. Platforms can help facilitate introductions, but they don’t replace disciplined credit thinking, realistic deal structuring, or the experience that comes from seeing how transactions perform across different market cycles.
Doug is spot on! Take that answer to the bank!
- Roselle, IL · Member since 2016 · 131 posts · 31 votes6mo
Quote from @Doug Smith:
I’ve been a lender for a long time and know this space pretty well, so when I looked into Private Money Club, what stood out is that it’s primarily a connection platform rather than a lending or underwriting operation. It appears to be designed to help borrowers and individual lenders find each other, but it doesn’t seem to perform underwriting, credit analysis, background checks, or independent deal vetting. That doesn’t make it inherently good or bad, it just means the responsibility for evaluating risk, borrower capacity, collateral, and exit strategy rests entirely with the parties involved. In private lending, those elements are what actually determine whether capital is protected and deals close smoothly over time. Platforms can help facilitate introductions, but they don’t replace disciplined credit thinking, realistic deal structuring, or the experience that comes from seeing how transactions perform across different market cycles.
How much did you look into it? There is a 3-4 week course that teaches all about lending and how to protect yourself and how to do your own due diligence and underwriting. How to create promissory notes, personal guarantees, get first lien, etc. I think the connections is an added bonus for being part of the community and how the site is designed to allow you to do that.
- 6moDoug SmithPro MemberLender · Tampa, FL · Member since 2013 · 2k+ posts · 2k+ votes
Quote from @Steve Balinski:
Quote from @Doug Smith:
I’ve been a lender for a long time and know this space pretty well, so when I looked into Private Money Club, what stood out is that it’s primarily a connection platform rather than a lending or underwriting operation. It appears to be designed to help borrowers and individual lenders find each other, but it doesn’t seem to perform underwriting, credit analysis, background checks, or independent deal vetting. That doesn’t make it inherently good or bad, it just means the responsibility for evaluating risk, borrower capacity, collateral, and exit strategy rests entirely with the parties involved. In private lending, those elements are what actually determine whether capital is protected and deals close smoothly over time. Platforms can help facilitate introductions, but they don’t replace disciplined credit thinking, realistic deal structuring, or the experience that comes from seeing how transactions perform across different market cycles.
How much did you look into it? There is a 3-4 week course that teaches all about lending and how to protect yourself and how to do your own due diligence and underwriting. How to create promissory notes, personal guarantees, get first lien, etc. I think the connections is an added bonus for being part of the community and how the site is designed to allow you to do that.
I don’t dispute that a 3–4 week course can introduce you to mechanics, and for someone new to lending that’s a reasonable starting point. My perspective comes from a formal credit background started 35 years ago and I'm always learning. Four weeks in to my training all those years ago, I can't begin to tell you how woefully unprepared I was to actually judge risk in the real world. Underwriting isn’t learned in a classroom or a short course. It’s learned by seeing deals perform, fail, and surprise you across different cycles. As with any course or consultant, invest time in looking at their resume before you go down that path. For instance, I recently saw a hotel guru course offered and, when I went to the operator's Linked In page, their job before that was literally waiting tables (no, I'm not kidding). That's a noble profession, but how do you jump from that to charging people to teach them about money. If you're taking a private lending course, make sure the operator actually have a formal lending background.
- 6moDon KonipolBusiness MemberInvestor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votesThe only real value here is “how to do your own due diligence and underwriting” and only IF what is taught is time tested, transferable to a “inexperienced” investor/lender and applicable across multiple markets and property types, in all economic environments.
Quote from @Steve Balinski:
Quote from @Doug Smith:
I’ve been a lender for a long time and know this space pretty well, so when I looked into Private Money Club, what stood out is that it’s primarily a connection platform rather than a lending or underwriting operation. It appears to be designed to help borrowers and individual lenders find each other, but it doesn’t seem to perform underwriting, credit analysis, background checks, or independent deal vetting. That doesn’t make it inherently good or bad, it just means the responsibility for evaluating risk, borrower capacity, collateral, and exit strategy rests entirely with the parties involved. In private lending, those elements are what actually determine whether capital is protected and deals close smoothly over time. Platforms can help facilitate introductions, but they don’t replace disciplined credit thinking, realistic deal structuring, or the experience that comes from seeing how transactions perform across different market cycles.
How much did you look into it? There is a 3-4 week course that teaches all about lending and how to protect yourself and how to do your own due diligence and underwriting. How to create promissory notes, personal guarantees, get first lien, etc. I think the connections is an added bonus for being part of the community and how the site is designed to allow you to do that.
As for
“How to protect yourself” - hire an experienced real estate attorney
“How to create a promissory note” - you don’t, it is done by your attorney or an attorney for the title company
”personal guarantees” - always get them, unless you’re interested in lending to someone’s retirement fund.
“Get first lien” - your attorneys instructions to title company handling closing and title policy
I don’t know if this course is good, bad, or ugly. However, I do know that reading a 50 year old book “Invest in Debt” by Jimmy Napier would put the reader in the top 10% of knowledge in private/hard money lending.
- 6moNicholas L.Pro MemberFlipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
hello. i didn't look at your profile or read your other posts but are you networking with local investors and local PMLs? finding people a half step ahead of you seems like your best bet.
hope this helps
- 6moErik EstradaBusiness MemberLender · Member since 2022 · 6k+ posts · 1k+ votes
Quote from @Steve Balinski:
Hello everyone, I've become interested in private money lending and found a group called Private Money Club (PMC). I've done a lot of due diligence looking for a mentorship program, this seems like a really great group and fairly low cost for the program. Curious if anyone has heard about it or knows anyone who's gone through the program.
Any other well known programs that have a decent cost to entry (under 10k)?That's crazy. $10k to learn about lending?? Maybe I am missing an important detail here, but wouldn't it make sense to just work with a broker, find the capital source and have the broker help structure the note with an attorney?
Or alternatively work with a broker that just already has the capital sources in place?
I think I am missing something here..
LuxePrivate Investments LLC 572 Reviews - 6moDenise SuppleeBusiness MemberRealtor · Willow Grove, PA · Member since 2017 · 991 posts · 646 votes
Hi @Steve Balinski! You might be a really good fit for what we’re doing in our co-investing club.
We have regular deal discussion calls where we vet opportunities together, walk through the risks, and share perspectives as a group. Everyone invests smaller amounts depending on their comfort level, with a minimum of 5,000 per deal. No one is required to invest, but everyone can join the calls, learn, and decide what feels right for them. If you are interested in seeing us in action, we have a deal discussion tomorrow and your more then welcome to hop on the call.
Spark Rental Co-Investing Club580 Reviews- Investor · Litchfield Park AZ · Member since 2024 · 1 post · 0 votes6mo
@Denise Supplee Hi! I'd be interested in more info. Thanks!
- Roselle, IL · Member since 2016 · 131 posts · 31 votes6mo
Quote from @Denise Supplee:
Hi @Steve Balinski! You might be a really good fit for what we’re doing in our co-investing club.
We have regular deal discussion calls where we vet opportunities together, walk through the risks, and share perspectives as a group. Everyone invests smaller amounts depending on their comfort level, with a minimum of 5,000 per deal. No one is required to invest, but everyone can join the calls, learn, and decide what feels right for them. If you are interested in seeing us in action, we have a deal discussion tomorrow and your more then welcome to hop on the call.
Hi Denise, that sounds great, I'm definitely interested, but what time do you have these calls. I work an 8-5, get home by 6.
- 6moG. Brian DavisPro MemberInvestor · Hatboro, PA · Member since 2016 · 3k+ posts · 866 votesThe open office calls are at 3:30 pm est. We do have other gatherings though I can message you.
Quote from @Steve Balinski:
Quote from @Denise Supplee:
Hi @Steve Balinski! You might be a really good fit for what we’re doing in our co-investing club.
We have regular deal discussion calls where we vet opportunities together, walk through the risks, and share perspectives as a group. Everyone invests smaller amounts depending on their comfort level, with a minimum of 5,000 per deal. No one is required to invest, but everyone can join the calls, learn, and decide what feels right for them. If you are interested in seeing us in action, we have a deal discussion tomorrow and your more then welcome to hop on the call.
Hi Denise, that sounds great, I'm definitely interested, but what time do you have these calls. I work an 8-5, get home by 6.
- Rental Property Investor · New Braunfels, TX · Member since 2021 · 289 posts · 256 votes6moYou don’t need to pay for a mentorship program. Everything is available for free on the Internet! You just have to do your own homework.
Quote from @Steve Balinski:
Hello everyone, I've become interested in private money lending and found a group called Private Money Club (PMC). I've done a lot of due diligence looking for a mentorship program, this seems like a really great group and fairly low cost for the program. Curious if anyone has heard about it or knows anyone who's gone through the program.
Any other well known programs that have a decent cost to entry (under 10k)?
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