{"id":815,"date":"2020-05-07T14:16:55","date_gmt":"2020-05-07T14:16:55","guid":{"rendered":"https:\/\/myprivatelender.com\/?page_id=815"},"modified":"2023-01-11T10:11:11","modified_gmt":"2023-01-11T10:11:11","slug":"how-to-become-a-private-lender","status":"publish","type":"page","link":"https:\/\/myprivatelender.com\/how-to-become-a-private-lender\/","title":{"rendered":"HOW TO BECOME A PRIVATE LENDER"},"content":{"rendered":"
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HOW TO BECOME A PRIVATE LENDER<\/span><\/h1>

Becoming a private lender is easy. There is only one basic requirement: You need to have access to money to lend out. We handle the rest.<\/p>\n<\/div>

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HISTORY OF PRIVATE LENDING <\/strong>
\nPrivate lending is one of the oldest forms of financing and businesses in the world, it existed long before there were financial institutions like banks and predates the invention of money. Eventually evolving through ancient history into pawnbrokers providing secured loans using personal property as collateral. Modern day private lending in real estate has increased in popularity for many reasons. For investors, they find private lending attractive because it is passive income and can yield significantly higher and more predictable return than other forms of investing. For borrowers, they are faced with strict lending guidelines from financial institutions.<\/p>\n

WHAT IS A PRIVATE LENDER<\/strong>
\nThere are only 3 types of private lenders recognized in Canada:<\/p>\n

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  1. Real\/Direct Private Lenders \u2013<\/strong> One investor, either an individual person or company, investing their own funds into a single loan.\n