Private Money Lenders - What Are "Good Terms"?

[Gary Libero]

Hello!

I've seen questions like this in some other BP posts (most from 2 or more years ago with little to zero replies) and am looking for some fresh insights. 

If I reach out to a private money lender, how do you go about negotiating terms? I understand this is fully subjective and based on the comfort level of both parties so I'm looking for a good starting point. With the markets the way they are currently, I'm not sure what numbers are good these days. 6% return? More, less?

Seeking first-hand knowledge on how you've done this and what has worked and not worked.

Be well out there!

G