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Updated almost 10 years ago on . Most recent reply

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10
Posts
1
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Allan Rosenberg
  • Investor
  • Teaneck, NJ
1
Votes |
10
Posts

lending money to RE developers

Allan Rosenberg
  • Investor
  • Teaneck, NJ
Posted

I am trying to learn how to become a private money lender OR to find a reputable Hard Money lender with whom I can invest. I would be willing to give up a percentage of my profits to invest with a reputable lender

Most Popular Reply

Account Closed
  • Investor
  • West Los Angeles, Ca
239
Votes |
230
Posts
Account Closed
  • Investor
  • West Los Angeles, Ca
Replied
Allan Rosenberg I personally don't work with brokers because our interests are not aligned. The broker gets a commission for putting the deal together whether or not it's good. As for starting out I suggest you start networking to meet rehabbers. Look at thier previous flips get try to find out if they're ethical. Find a good real estate attorney who can guide you on the promissory note and deed of trust. Jay Hinrichs may be able to guide you further

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