Starting out with Private Money Lenders

[Mark Updegraff]

Hi All, I'm a RE newb to the board and have completed 8 conventional deals in the last 2 years. I just got done reading everything Adam Davis has written on BP regarding Private Money Lenders. Excellent place to start!

I've got a couple questions I'm hoping someone can clarify:

1. The Business Plan: is this specific to a particular deal you are trying to pitch to a potential investor? Does it give all the nitty gritty details like location, purchase price, rehab costs, time line, etc? Or can it be more generic, giving a general overview of what your business does?

2. Offering Documents: can anyone elaborate on what these are exactly, and where to get them. I plan to start with a call to my attorney, but figured I would throw it out here as well.

Any books recommendations or other resources you think would be of use to me would be much appreciated!!

Thanks in advance!
Mark