My question is, how do you approach a potential private money lender when you don't have much experience to show that you can provide a return on their money?

3) Do people use private money lenders just for flips?

Before I go to investors, private money lenders etc.

Hi all,For those investing in trust deeds or private lending in an LLC structure, do you place an insurance policy on the LLC? 

I've also had the opportunity over the years to network (mostly online) with a handful of these folks and others, that I can just send them an email or private message directly. 

Should I go through my bank or find a private lender for my repairs.

My ideal is cash-flow, so I plan to use the VA loan, but I am open to standard mortgage or private money if that's what it takes to find something that meets the criteria quickly.

Here is the info:Tenanted duplex with 2 2br/1ba units, both tenanted and renting for $600 each.Financing is via private loan at 4% interest only payments and final balloon payment at end of term (5 or 10 years, tbd)Asking price : 57,900 ***note: following numbers are assuming the seller's asking price, which I would NOT offer***Est'd ARV: 60,000Est'd rehab cost: 15,240Closing/Legal cost : 1,500Down Payment : 17,000Total cost of project : 70,400Total borrowed amount : 53,400Total Gross income : 15,880Total Expenses  : 9,054Net Operating Income : 5,478Annual Debt Service : 2,136Cash Flow : 3,342Even with the over-market asking price, this property is already cash flowing.

@Michael Stange I only got 2,000 of my own money to put in, if i get a private money lender to put the remaining 9,225 , how would i pay the private money lender , with the cashflow or when i refinance?

Been looking at private investors, foreclosed homes, sherrif sales and so forth.