How to obtain Private Lending

[Tim Sipowicz]

I'm trying to obtain my second rental investment and I've come to the realization that saving up the 20% everytime, is just not realistic for the goals I have in mind. My biggest goal and aspiration is to successfully complete a BRRRRand continue to scale. I know a few people, whether they be coworkers, friends or family who have the funds for a cash buy, and I have about 30k available for the rehab portion. My question is, how do you approach and put together an offer or an ask to a private lender? How do you structure the deal for them? Is it monthly interest or a lump % after the cash out refi is complete? I would like to approach the situation as professionally as possible and have all my ducks in a row. Any insight would be greatly appreciate. Thanks In advance.