5 Ways to Scale Your Private Lending Practice
May 5, 2021
The first time I funded a private loan, I knew I was hooked. I loved the art of underwriting the deal, I loved that it was backed by real estate (something I knew more about than the stock market) and I loved how little I needed to actually do after my loan funded in order for my “mailbox money” to appear each month.
Little did I know I was in for the adventure of a lifetime. I had absolutely no idea the need for private lending opportunities was so massive. Truthfully, I didn’t even know what private or hard money was until my boyfriend at the time (now my husband and business partner) told me about it. The supply and demand was huge and our ability to quickly establish ourselves in the Greater Seattle market was easier than expected. But with success comes more obligation. And, of course, the need for more capital.