Financing in Atlanta>Question Details

Janay Wynn, Both Buyer and Seller in Georgia

Want to start a Hard Money/Private Lending Business

Asked by Janay Wynn, Georgia Sun May 19, 2013

I want to start a hard money/private lending business for Real Estate and business lending here in Georgia, Florida, Texas, and California. I am in business school and very young, so I do not have the financing but would like to know how the industry works to get business running. Any suggestions.

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4
Bruce Ailion’s answer
Janay, The best place to start is to work with an established firm for a period of time get a feel for the business. This is a difficult and high risk business. The regulatory issues are complex and getting more complex every day. Send me you e-mail. A young, rapidly growing hard money lender that I admire has been posting employment advertisement over the last quarter. Send me you e-mail and I'll provide contact info.
Bruce Ailion,
RE/MAX Greater Atlanta
An Atlanta Real Estate Expert Serving Clients Since 1979
CRS, CRB, ABR, MSRE, CDPE, CIAS, e-PRO, ESQ
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Investment Agent Specialist
203K Certified Specialist
Attorney
2050 Roswell Road
Marietta GA 30062
404-978-2281 Direct
404-386-3682 Assistant Robin
678-760-6266 Buyer’s Agent Adam
770-973-9700 Office
bruce@locationlocationlocation.com
http://www.LocationLocationLocation.com
The Linked In REALTOR
http://www.linkedin.com/in/bruceailion
0 votes Thank Flag Link Mon May 20, 2013
Do not use all of these Private Money Lender here, there are not legitimate and if they have a free email account tag i.e. yahoo, gmail, hotmail, live etc then they are not legitimate. If they have telephone number with international dialing codes from Nigeria, India, UK, Singapore and France then you have to beware. A legitimate company would have a genuine website, personalized email address/account and based in the country they claim they are. I would recommend anyone looking a a serious/honest loan lender to visit: DAVID HERLEY FINANCE HOME BASED IN THE USA and their reputation speaks louder than others in the industry when it come to obtaining all kinds of loan, mortgage, debt consolidation and Real Estate Loans. Their full website information and contact details are tel no: +1 (321)-323-1809, Website: http://www.dherleyfinancehome.net or Email: loans@dherleyfinancehome.net located in Orlando, Florida. USA.
0 votes Thank Flag Link Sat May 9, 2015
Contact a few hard money lenders near you and offer to be an intern. The knowledge you gain will be invaluable and you'll be able to decide if you want to pursue this industry.
0 votes Thank Flag Link Wed Feb 4, 2015
Most real estate agents would not be able to answer your question. I have worked with investors for years, and it is very easy to spot a new agent trying to get a footing in this industry. There are many books available to help you understand that beginning stages of this industry. My suggestion is to start their, learn the lingo, and try and find someone else that might be working to get started. There are already a lot of people starting to get a grip on this "new" cycle for Private Lending in real estate. So, I believe it would behoove you to find a niche that would be a strong hold for your business, (otherwise, you might be a small fish in a big pond).

Thank you for your question,

Marc White
Broker/Owner, Cash Realty
828-406-2134
Marc@CarolinasPremierRealty.com
http://www.MarcWhiteHomes.com
0 votes Thank Flag Link Sun May 19, 2013
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