Passive income as Private Lender/ Financer?

[Clandestine]

You would need a solid legal framework to run the business of being a private lender. And a robust insurance plan too.

 

[Hate2Wait]

I have seen people doing this a lot in the past but its risky and what if they don't return money so we need to make assurance of getting our money back

 

[Stardom22]

Indeed is a very good business. Provided you operate with clients that you know them very well.

 

[Hate2Wait]

I know a few persons that are actually doing it and are earning but that does not mean everyone can do it and they have to face issues

 

[Stardom22]

That business can really be very profitable when you handle people that you know of.

 

[Miley]

My friend does that business and it is a good source of income for him. He places premium on highly secured lending.

 

[Hate2Wait]

It's a working method but full of risks and there are higher chances that you may not get your money back on time