Becoming a hard money lender requires many factors. It’s not enough to simply be involved in real estate investing or even have the money required to act as a lender. You would need to understand the laws in your state, become familiar with how banks work with investors and put the time into securing the necessary licenses before entering this business. There are two different ways to turn into a hard money lender. To start with, you can fund the business yourself through your reserve funds, retirement records, or credit…
Read MoreWhy Would Someone Need a Hard Money Loan?
