Private Lenders or Banks??

[Casey Veal]

Hey I'm wanting to purchase my first house using the BRRRR Method and I'm trying to see which one is better to use. There is a group of investors and I know some of them from my childhood that I am wanted to propose my deal to. I'm trying to see if this is a smart option or should I lean more towards using a bank. Also, if I was to go with the private investors what is a typical interest to propose to them? I hear the 8% a lot so I'm just trying to get some more info on the situation.

Thanks!