How Do I Write a Proposal to a Private Lender?

[Marc Ferguson]

Hi,

I'm very excited and very new to real estate investing. I have been learning a lot over the past couple months and in talking to a coworker I learned that she has some money she wants to invest in real estate. I'm planning to have lunch with her Wednesday to get a better understanding of what she wants and what I can provide.

At this point do I create some sort of "real estate proposal" to hash out what I can do for her or what markets I think we can get good ROI on her investment? How upfront should I be when trying to "close this deal"? I'm a terrible liar and don't want to want to mess up our friendship.

My plan is to use her money for down payment and closing cost (where applicable) and then split the cash flow 50/50. Is that a fair deal? I suspect that I will do all the heavy lifting in this venture. Thanks for any help and insight.