How to become a private lender

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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?

@Alvaro Rodriguez there are a few ways. First you can invest passively in multifamily/commercial real estate. This is known as a syndication. This is where you would get shares of the investment as a passive investor and maintain an equity stake. You would get paid on the cash flow and profits at sale or refi.

You could become a hard money lender, as suggested above

Investing in NNN lease commercial is fairly passive (Walgreens, Dollar General, etc)

Buying Notes

Here are a few articles on syndication:

@Alvaro Rodriguez

While you're looking to become a private lender, I hope you considered the tax consequences as they are not beneficial, especially if you're a W-2 employee. Your private lending income is an ordinary income and will be taxed at your W-2 rate. I'm not a CPA, so definitely consult your CPA prior to making any moves.