Private Money ROI

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Just curious out there, I have been going to my local REIA meetings for the past few months and trying to network there. Recently I struck up conversation with someone who works a lucrative full time job and is just interested in being a lender.

He told me a few days ago that when I find my first deal to call him, not the bank. So I am out scouring for my very first deal still. I have one I am going to look at this week.

Question is, I want to be fair to my newly found private money source and I want to give him a solid ROI, so he will be inclined to work with me in the future. In order to not be insulting, what is a good ROI to offer to him so that I'm not cutting huge into my profits but keeping him happy and willing to invest in the future? I don't want to just ask and seem stupid, rather I want to offer with confidence to further solidify his support.

Thanks!