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Private Lending for Longterm Rental in Northern California
I am pre-approved and under contract with a builder for a single family rental in Lincoln, CA and would like to connect with private lenders. The pre-approval came from one of the builder's choice lenders, but private lending is more in line with my REI goals this year. This property will be fully rented upon closing by tenants who already signed a rental agreement.
I have 5 years experience with rentals. I own a three-flat in Chicago and am ready to expand into the northern California market.
I'm looking for advice on how to break into the private lending market and what to expect once I secure a private lender.