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How to Get Started in Private Money Lending

Want to become a private lender? Learn how to get started here.


[Updated: Sep 22, 2021 ] Feb 23, 2020 by Liz Brumer

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Lauren and Kyle explain how to get started with private money lenders on the Millionacres Podcast
 
Pros of Being a Private Lender Cons of Being a Private Lender

• Earn a higher rate of return to help grow retirement or savings accounts.

• Earn passive income secured by real estate.

• It's a passive investment, requiring very little ongoing work after initially vetting the borrower/investment.

• Risk of the borrower not paying and having to foreclose or take legal action.

• Having to vet the borrower and investment property.

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