Newbie is interested in teaming up with pro private lender
I am from CA. Have some money sitting in my bank account and elsewhere. I have a full time job so being landlord will realistically yield only ~6% (if I am lucky). Hence I am looking into trying out private money lending thing.
I am a noob in that area, so I would be interested in teaming up with someone who is seasoned in that area. To the table I would bring money. I do understand that I have to bring something else - however I am not quite sure what that something else might be. So I am open for suggestions.
My goal here is. Well, there are actually two goals:
1. Learn from the pro how this is done
2. Make some money without same amount of hassle that being a landlord has
Also, if I am being naive - please do not hesitate to let me know that in your replies :)