Updated almost 10 years ago on . Most recent reply
Private Money Lender!
How does one become a private money lender for real estate deals? What is the minimum cash required? Is there a group to join and invest in? Im in the Houston, Texas market and all insights will be highly appreciated. Thanks all.
Most Popular Reply
John Thedford
#5 Wholesaling Contributor
#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
Private loans are easy. Make sure you comply with your state and federal laws. Do closings through a title company. My loans range from $50,000 up. Smaller ones do not make any real profit. you can advertise on Craigslist I find that to be a good source.