#AskBP 065: How Can I Become a Private Money Lender?

by | BiggerPockets.com

On this episode of the #AskBP Podcast, Brandon explores the topic of becoming a private money lender, someone who lends capital for real estate deals. He shares the process for getting started, as well as the red flags to watch for when lending out your cash. Private lending can be incredibly lucrative and passive… but dangerous if not done right. If you ever plan to put your capital to work funding other people’s deals, don’t miss this show!

Watch the Episode Below

Listen to the Episode Below

Links from the Show

About Author

Brandon Turner

Brandon Turner (G+ | Twitter) spends a lot of time on BiggerPockets.com. Like… seriously… a lot. Oh, and he is also an active real estate investor, entrepreneur, traveler, third-person speaker, husband, and author of “The Book on Investing in Real Estate with No (and Low) Money Down“, and “The Book on Rental Property Investing” which you should probably read if you want to do more deals.

1 Comment

  1. Tek Chai

    Thanks Brandon for your beginners’ guide to private lending.

    If a real estate investor wants funding on a short-term loan to flip a property, at what number in the flipping calculator would you be concerned if the property posed a risk to your investment or should you care, if you are only a private lender. This may be a different situation, if you are partnering with him/her as a funding partner of the flipping deal of which you have 50% of the net profit when the property is sold.

    Also, what implication if you are placed as a second lien on the deed of the property as a private lender, in an event the real estate investor defaulted in his/her project.

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