In the past few years, the stock market and the overall economy don’t show a positive and beneficial return for investors. Because of this, investors opt not to invest anymore. Most of them tend to keep their money in the good old piggy bank since putting their money in the banks and other financial institutions won’t do any good even in the long run.
If you’re experiencing the same scenario, why not consider becoming a private money lender? Here are the four major benefits of becoming a private money lender.
Major benefit # 1: Starting as a private money lender is easy.
If you are looking for a fast and easy way to start an investment, private money lending is the best option out there. You may wonder why and how it is possible. Well, this is due to the fact that you have the freedom to start with your own terms and the amount of money that you are comfortable with.
Major benefit # 2: Maximum control over the investment.
What makes private money lending different from the banks and financial institutions is the fact that you will be the one who control the amount of money that will be given to the lender. Thus, you don’t have to seek the approval of anyone when it comes to approving the loans. The terms and conditions will be based on your own requirements as well.
Major benefit # 3: Each and every investment is covered.
More often than not, investors like you are afraid to invest and try private money lending. This is due to the common notion and idea that being a private money lender is a risky business. Unlike the traditional financial institutions and banks, the private money lenders have a loan-to-value ratio of about 65%. As a result, even if the deal goes bad and unfavorable to the investor, the investments are still safe and secured.
Major benefit # 4: Being a private money lender allows you to help real estate investors.
If there’s one thing that makes private money lending an investment above the rest is the fact that it will enable you to help real estate investors. By being a private money lender, you can help the people who are looking for real estate property where they can start a new life with their family and loved ones. By lending the money they need, it will be easier for the lender to invest in the real estate property that they have been longing for.
Without a single doubt, the benefit of helping other people to achieve their goals and dreams of investing in a real estate property or two is heartwarming and delightful feeling. Thus, being a private money lender is rewarding on its own.
Want to learn more about private lending? Fill out our form at https://www.investwithhyvest.com to see if becoming a private lender is right for you.