Can I be a lender with 20k?
If I am interested in REI, but don't actually trust myself to do a flip yet, and only have 20k to invest, can I lend this to someone else who is doing the flipping and get a return? I know that isn't much, but do investors ever pool investments from multiple lenders who only want to invest a certain amount, similar to if I were to put money into a money market or HYS account? In other words, can I use flippers as investment accounts to build wealth that I don't already have? Or are private lenders always people who have huge wads of cash? And If I can, what could I offer as leverage to entice a flipper to borrow such a small amount of money?
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#1 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
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#1 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
NO. 100% no. this makes zero sense. no experienced RE investor should want 20K from a random person. anyone who would take it is not someone you should be lending to.