SMART PEOPLE ONLY - Lets get lost in the weeds here

[Michael Figueroa]

I have $500k in cash liquid. LOSING MONEY AS WE SPEAK lol I am making my real estate plan, and I want to get paid later as if I showed up and worked a job. In California where the prices are high but the appreciation is also high with 500k how many rentals could I acquire then cash out refi into more properties in 10 years starting with what I got now? 

[Nicholas L.]

@Kenneth Garrett

serious question for you - how in the world can a new investor simply become a private lender?  aren't the skills and contacts they need to successfully do this exactly those skills and contacts they don't have?  if it were that easy to get 12-15%, everyone would do it.  i see a lot of new investors who have cash (or at least say that they do!) being urged to "become a private lender," and i think this is spectacularly risky.  most new investors should house hack.  period.  this is the low risk way to become a homeowner and an investor at the same time.

now, if you are a high net worth individual and looking to diversify, that's another story.  but most first time posters on BP aren't.