PRIVATE MONEY: What makes you want to lend your money?

[Stanley J Okazaki]

Hey there, 

So currently work as an apprentice carpenter for a custom cabinetry and furniture shop in the South Bay. Not making enough money to be able to save any of it so I'm looking into raising private money. I'm entirely new to this so please do chime in with your experiences good /bad. Thanks

-Stan

Aside from the obvious returns you may get, what info do you want to be provided with from prospective borrowers? 

-Are you looking for a min. return?

-What numbers, breakdowns &/or facts pertaining to the property are essential to have before you lend out your money? Flips/Rentals

-Do you care about the borrowers income? 

-What's something a borrower has done/ can do to differentiate themselves from the rest?

-If you were to meet with a prospective borrower who is interested in using your money to implement the BRRRR strategy what information do you want from them? What about for a borrower interested in flipping?