Private Money Lendors

[Grant Farrington]

Hey all, My soon-to-be-wife and I are just getting started in REI and are interested in having friends and family be private money lenders, offering about 10% interest to them. What kind of experience have peoe had with this? Is it easier than ither financing methods or harder? Also, how do you initiate those conversations? We're just still learning and would be grateful for any insight from those with experience with this. Thanks a lot!