{"id":853,"date":"2020-05-08T13:29:55","date_gmt":"2020-05-08T13:29:55","guid":{"rendered":"https:\/\/myprivatelender.com\/?page_id=853"},"modified":"2023-01-11T10:05:47","modified_gmt":"2023-01-11T10:05:47","slug":"the-private-mortgage-investing-process","status":"publish","type":"page","link":"https:\/\/myprivatelender.com\/the-private-mortgage-investing-process\/","title":{"rendered":"THE PRIVATE MORTGAGE INVESTING PROCESS"},"content":{"rendered":"
[cs_element_section _id=”1″][cs_element_row _id=”2″][cs_element_column _id=”3″]

THE PRIVATE MORTGAGE INVESTING PROCESS
\n<\/span><\/h1>

The process can be summarized into 5 key steps. This is a simplified version of the process and we can help you with preparing to fund your first deal. Rather than provide information that would mislead, confuse, or quickly become outdated; we encourage you to Contact us to learn more about the process and be taken through a deal example.<\/p>\n

Please ensure to additionally read about How to Become a Private Lender<\/a> to fully understand this investment opportunity.<\/p>\n<\/div>

[\/cs_element_column][\/cs_element_row][cs_element_row _id=”12″][cs_element_column _id=”13″]

HOW DOES THE LENDING PROCESS WORK<\/strong><\/p>\n

    \n
  1. Prepare Your Capital \u2013<\/strong> You need to have your capital available to lend out. This involves some of the following: liquidating assets, opening bank accounts, opening lines of credit, and\/or opening self-directed registered accounts (RRSPs, RRIFs, RESPs) and TFSAs.<\/li>\n
  2. Receive and Review Opportunities \u2013<\/strong> Based on your lending criteria you will be sent opportunities that we have pre-negotiated, packaged, and performed our own due diligence on. We follow a process similar to wholesaling. All lenders are encouraged to use the 5 C\u2019s of Credit as a framework to objectively determine creditworthiness. There are several documents you will receive for review.\n