Too bad you missed the California Mortgage Association (CMA) conference last week, @Krystal Giron. It’s an organization of private lenders ranging from small private lenders who lend their own money, like us, to multi-hundred-million-dollar fund managers. You might consider joining since the education is excellent, as are the contacts, if I may say so myself. They just started offering a one-day class you might consider. Look online.
The American Association of Private Lenders is nationwide and the largest organization of private lenders in the country. They have an introduction to private lending class that they offer the day before their conference in Las Vegas, which is in early November.
When you attend these conferences, in addition to the presentations, you’ll meet lending attorneys, loan servicers, wholesale lenders, appraisers, accountants, document providers, and many more.
Fortra Law, formerly Geraci Law in Irvine, is the largest lending attorney firm in the country and their online webinars are fantastic. At minimum, I strongly suggest you spend some time watching their discussions on usury, licensing, and consumer vs business purpose loans. You’ll spend hours learning. Better than TikTok.
Since you are not licensed in CA, you will initially have to partner with someone who is in order to make loans here. Many brokers sell their loans. Once you decide what you want to lend on, you might call a few or meet them at a conference or local REI club.
We’ve published our process here a few times. Here’s a recent incarnation, and it’s still about 90% accurate.
Last, ignore all the crackpots and charlatans who DM you here, knowing you have money but no experience.
We’re currently looking for a 2nd position loan of $80,000 for a short-term project with a 5–6month term. Close of escrow is scheduled for 10/22, and the borrower is open to negotiating terms — currently willing to offer 2.5% interest per month.
Well established investor in the Indianapolis market with a strong track record of successful deals.
If this is something you’d consider or if you'd like more details on the project, feel free to reach out — we can provide the full deal package for review.
Hey Krystal love that you’re looking to step into private lending! It’s such a powerful way to grow wealth while helping other investors move their projects forward.
If you’re just getting started, the best first step is understanding deal structure, risk protection, and return modeling. Working with a lender or team that’s already managing investor capital, can help you learn the ropes safely before going fully independent.
Too bad you missed the California Mortgage Association (CMA) conference last week, @Krystal Giron. It’s an organization of private lenders ranging from small private lenders who lend their own money, like us, to multi-hundred-million-dollar fund managers. You might consider joining since the education is excellent, as are the contacts, if I may say so myself. They just started offering a one-day class you might consider. Look online.
The American Association of Private Lenders is nationwide and the largest organization of private lenders in the country. They have an introduction to private lending class that they offer the day before their conference in Las Vegas, which is in early November.
When you attend these conferences, in addition to the presentations, you’ll meet lending attorneys, loan servicers, wholesale lenders, appraisers, accountants, document providers, and many more.
Fortra Law, formerly Geraci Law in Irvine, is the largest lending attorney firm in the country and their online webinars are fantastic. At minimum, I strongly suggest you spend some time watching their discussions on usury, licensing, and consumer vs business purpose loans. You’ll spend hours learning. Better than TikTok.
Since you are not licensed in CA, you will initially have to partner with someone who is in order to make loans here. Many brokers sell their loans. Once you decide what you want to lend on, you might call a few or meet them at a conference or local REI club.
We’ve published our process here a few times. Here’s a recent incarnation, and it’s still about 90% accurate.
Last, ignore all the crackpots and charlatans who DM you here, knowing you have money but no experience.
I am in San Diego, but looking to open up a shop as well for private lending. Wondering if you took the plunge into the business or if something stalled. Also potentially looking for partners in this business.
Hi Jacob! I did tons of research and learned alot. However, have not taken the plunge yet. I really want to find a solid mentor or class or something to help guide the way. Where are you in the process? Do you have a mentor or blueprint of sorts?
Yes I am diving in. Applying for the CFL license and creating the LLC currently. Once that is done, I will be searching for my first borrower. There's a ton of info on the NMLS website and DFPI website about laws and regulations regarding lending.
My blueprint is lending to fix n flip homes as well as home renovations. First deed of trust only, multiple projects on the resume for borrower. Only lending on properties that I would want to own if things go south.
Just a heads up you need a brokers license to raise money for a lending fund. So unless you have your own capital to deploy, it will be a barrier to entry.
This is a great post. Thank you for all the information everyone has provided. I was trying to find any regional associations where I live in the Carolinas but can't seem to find any. Does anyone know if there are any where I live?
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