First time deal advice?

[Michael Landrum]

Hey bp! :) I've been learning as much as I can about real estate for the past year or so and finally have the opportunity to do my first legit deal. I will try not to make this a post about the details of the deal because I understand there is a separate forum category for that. In order to make this deal work best, i will probably need to ask for a private money loan from a mentor who has been very supportive in my real estate plans, but i have never brought up the topic of possibly borrowing money from him. I will likely be bringing the topic up with him as soon as I can this week and am just looking for some general pointers on how to approach the topic with him. Anything I need to think about, watch out for, or keep in mind as I chat with him? thanks in advance