how do i become a hard money lender?

Asked by Garyfromla, Los Angeles, CA Tue Oct 19, 2010

What licensing, qualifications and or certifications are required to start hard money lending or private lending?

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Ron Escobar - Local Expert’s answer
Ron Escobar -…, Agent, Beverly Hills, CA
Tue Oct 19, 2010
That is a tough question... Having some experience myself and having lost a lot of money, I can tell you that like any other profession... is best to crawl before you walk and run. There are plenty of outfits that specialize in raising money from investors and lending it for real estate. they have experience, underwriting guidelines and a track record. If you have money t lend, you should contact some of these folks and have them lend it for you... utilize their knowledge and experience... and learn from it.. if you are still willing to do the loans yourself then you will have some perspective.

Best of luck!

Ron Escobar
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