What are the most common ways to insure a private lenders money?

[Jon Dawson]

What are some of the ways you guys have secured private money loans, and how has it worked for you? I am working on growing my private capital by $500,000. I have private lenders I have worked with in the past, and still work with currently but they are pretty close to me relationship wise. I would like to branch out to some lenders that arent neceseraly imidiate conections. Do you guys have any suggestions on how to contact, and present information to a lender that isn’t an imidiate contact? Also I’ve mainly secured my private loans with a typical mortgage lien and promissory note. Do you guys have any other ways that might secure a private loan? Thanks!

[Kurt G.]

I logged on to ask exactly the same question...  A mortgage lien and note are surely only one way to handle private money, especially when taking a loan from family / friends, or when a private money lender wants you to keep the loan out for subsequent flips.  I have several private investors lined up with three properties under contract, and am very interested what options are available.