First time asking for private capital - What ROI should I give?

[Nicholas Morgan]

Hello everyone! 

I'm about to start reaching out to some contacts I have to see if they'd be interested in investing private capital with me to help fund BRRR deal/s I plan to have this year.

I have never done a BRRR deal before, only a very minor live-in flip. Because of this, what ROI should I promise my investors? 10%? 12%? I was even thinking 15% to account for the higher perceived risk of investing with someone new like myself.

The contacts I will be reaching out to will be mostly friends, previous employers (who own many commercial real estate properties), undergrad professors, etc. Most people who know me know me as someone who is dependable, hard worker, and a guy who does what he says. For the most part I don't think I'll have to sell the idea of investing with *me* all that much. One of my professors from when I was in undergrad told me (and at the time I didn't know anything about REI), "one of these days you'll be wanting to start a company. I know you and that's how you are. When that day comes, I better be on the list to call for investing." Although I don't have a track record in REI, those who know me trust me and know that I would put them getting their money back+interest as my top priority.

All advice/input is appreciated!

Thanks,

Nicholas