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?
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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.