Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: leasimpsons on June 08, 2010, 01:31:39 am

Title: how to become a hard money broker?
Post by: leasimpsons on June 08, 2010, 01:31:39 am
What are the major requirements to become a hard money broker?
Title: Re: how to become a hard money broker?
Post by: annepeterson on June 09, 2010, 12:01:41 am
Learn more about hard money commercial lending. Hard money brokers connect hard money lenders with investors who are looking for a hard money loan. Consider taking a course that might help you better understand real estate and the needs of businesses that are looking for hard money loans.

Learn more about real estate brokering. Real estate professionals who learn how to broker their own hard money loans can avoid having to contact an outside broker. Connect with commercial real estate brokers who may have a distressed base of customers that may need hard money loans to close deals quickly.Connect with wealthy investors looking to make hard money loans. Some firms also make hard money loans; develop a working relationship with them so that you know which borrowers to send to whom.Learn more about topics like mortgage underwriting, foreclosure and bankruptcy law.
Title: Re: how to become a hard money broker?
Post by: leasimpsons on June 09, 2010, 12:06:21 am
Thank you for your help Anne. Educating myself about hard money lending is a tedious and huge responsibility as the lender, but as the middleman, I'll be in charge for connecting lenders with investors who are searching for hard loans.