Updated almost 5 years ago on . Most recent reply
Becoming a Hard Money Lender
I’m a newbie to real estate investing, and I’m considering launching a hard money lending business. However, I’m not sure how much capital I need to start. I’d like to start off small to minimize risk. What would be the ideal minimum capital needed as a new hard money lender?
Most Popular Reply
In addition to the answers you have gotten, you have the option of using some of your own money along with raising OPM to increase your yield. We have a fund established that we lend from. We give our investors a great return and we make a spread in interest rate and origination points. I'd be happy to talk offline if you would like more details.