Becoming an Arizona Hard Money Lender
My father recently inherited quite a bit of money—enough to where he will never need to work again. Thankfully, he was kind enough to share the wealth, and I would not really need to work, either. However, I don’t know what I would do if I didn’t work. So, instead of sitting around and just enjoying all the money we now have, my dad and I decided to put our money to work. My dad is now a hard money lender Arizona. This means that he lends Arizona hard money to people who want to invest in real estate for a profit. Of course, in order to become a hard money lender Arizona, and to do it right, he had to hire some lawyers to make sure everything is in place. He will now be able to lend Arizona hard money to those real estate investors. He will charge higher interest rates than the banks, but it will be a lot easier and faster for investors to borrow from him.
The reason why my dad decided to become a hard money lender Arizona is because of me. I have been a real estate investor for years, and I have used Arizona hard money because I previously didn’t have the capital to be able to make the initial investments myself. Since the inheritance money came along, I won’t really need to use a hard money lender Arizona, however, I will continue to invest in real estate. But I thought the idea of my father becoming an Arizona hard money lender was just brilliant. They get a piece of profit without having to do the work. There’s also very little risk, as long as your lawyers have set everything up properly. If the investor defaults on the loan, you get to take the home, and then you make the profit yourself. I think becoming a hard money lender Arizona was the best thing my dad could do to put his money to work!