I'm interested in becoming a private money lender.....

[Robin Cornacchio]

What's the best way to start a private lending business? How do you go about finding customers? Contracts? Etc.....Any info will be greatly appreciated!

[Jerel Ehlert]

There are groups and REIAs in your area.  Go there.  Network.  Meet private lenders who have been doing this for a while.  There are several private lender podcasts.

Don't let borrowers dictate terms.

If you are going to be the lender, then BE the lender.  Appraisal (or other independent method of verifying value), inspection, rehab draws, lender's title policy, hazard insurance (verified monthly) listing you as an additional insured.  Monthly interest payments on flips.

If you don't want to do all that work, buy a hard money loan that will do all that work for you.