How should I approach a wealthy family member to be my PML?

[Lance Cummins]

Hi BP,

I have a wealthy family member in the construction business and I am considering talking to him about possibly being my private money lender.

I am looking for advice on how to pitch the idea to him.

[Michael McDermott]

Confidence, Clarity and be Concise. 

Confidence-No one will lend you a large sum of money if you don't believe in yourself. You don't need them, they need you. Money sitting in a bank is making nothing compared to what you can make them!

Clarity-Know what your message is and relay it loud and clear. Have a game plan for what you want to get across and stick to it.

Concise-Keep it short and to the point.