I may have found a private investor, but now what???

[Fred Shandler]

Hey guys...today I had a conversation with someone (who I distantly know/is a successful entrepreneur) about investing in rental properties. After a bunch of back-and-forth, he said he'd be willing to finance some deals upon further discussion.

Now my questions:
What general terms do private investors typically look for?

What method of buying would potentially be in my best interest -buy, re-fi then repay in a lump sum (considering the deal is good enough to support that) or simply repaying over time?

What is usually the lifespan of this type of loan?

I'll be prepared with a potential deal in hand and numbers to support it, but I need to be better prepared in terms of expectations and ideas.

Any help is greatly appreciated

Thanks,
Fred