First Deal With Private Money

I've always wondered how people acquire the "mythical" private money.  After all my family and friends aren't wealthy multi-millionaires.  So here's how it happened.  I've been doing land deals for the past year and making decent profits and had told a few friends about it.  After I had done a few deals one them just offered to partner on deals if I needed some money.  I didn't ask.  He just heard about my deals and was interested.  So I had most of my profits tied up in one deal and was running out of cash and he provided all the money for the acquisition - roughly $6600.   We purchased the land and sold it for $15,370 within a month and split the profits - about $4,300 each.  I told one of my other friends about the deal and he offered to invest if I had any deals, so now I have two friends that are wanting to invest in my deals.

Ultimately I'd like to get long term private money for single and multi family rentals, but at least this is a start.