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Updated about 2 hours ago,
Private lending. Where do I start?
I've done a bit of research on the private lending space and I'm coming to the conclusion that it is the way I would like to enter the real estate space. I have significant enough assets and capital that I can make a few loans while still maintaining a healthy stock portfolio to keep my money working for me.
I'm curious if you guys have any tips for me as a beginner. How do I get the ball rolling?
Do I begin by getting a solid contract?
Do I contact appraisers and local title insurance agencies to begin to find one that I could use?
Or do I start by just getting my name out there and then get those pieces in place once I find a borrower? I'm assuming I should be somewhat prepared before doing this, as I don't want to come across as a "not serious" waste of time to any agents or borrowers.
Since I only want to lend locally, how do I get my name out there to start my search for borrowers?
Any advice would be greatly appreciated.
Thanks,
West