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Updated over 3 years ago,
Putting a proposal together for private money lending
Hey Everyone,
I'm hoping to get some insight from those who are experienced and have been able to successfully fund their deals through private money from wealthy individuals. My partners and I know some wealthier people who have expressed interest in investing tand putting up their capital as a loan to us to buy a few STR in the Florida market that we are looking to close on soon. For those who have done this, I'd love to get your insight on what you've put together and what types of financial metrics you've presented to these people in preparation for securing their funding. Any advice and insight would be super helpful!! I've done several google searches and thought posting here would get us some results, as well.
Thank you so much
Nick