Updated almost 6 years ago on . Most recent reply
How to become a private lender
I have a little under $70k underutilized and I want to lend it with certain ROÍ, how can I do that? What kind of paperwork do I need to make sure I will get my payments? What is the process and steps to become a private lender?
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Jay Hinrichs
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Jay Hinrichs
#1 All Forums Contributor
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#1 All Forums Contributor
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pretty easy.. find a borrower .. open escrow at title company.. have lawyer draft the note title company will draft the mortgage or trust deed.. close and your done.
- Jay Hinrichs
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JLH Capital Partners