Private money lending - Due diligence

[Curt Bixel]

I am in the process of refinancing several rental properties and should have several hundred thousand dollars of cash in hand when this process completes.

I have been looking for properties that I can purchase and add to my buy and hold rental portfolio. I am finding almost nothing as the market is quite hot now and few good quality properties can cash flow. On thought is to flip a property, although this seems like a risky time in the market cycle for someone to try a first flip.

I have been approached by a company that seems to have quite a lot of experience flipping properties and my first conversations with them have been very professional and raise no red flags.

That being said, I am also new to this area and have quite a lot to learn before putting these large quantities of money in the hands of another.

I am interested in any and all advice you might have for me at this point because I would rather spend a hundred hours reading and learning instead of learning some hard lessons by experience.