Using private money to purchase rentals

[Dylan B.]

So I have started listening to the podcasts on BP and I hear them discussing using private money along with bank loans to purchase the properties. 

I operate my rentals and some flips under an LLC and am able to acquire commercial loans at around 5% for 15 years, depending on the rates, for the rental properties. I am curious about how private money lending works and if it would be beneficial to me.

Can anyone share some insight into this?

Thanks!