What are the most common ways to insure a private lenders money?
What are some of the ways you guys have secured private money loans, and how has it worked for you?
I am working on growing my private capital by $500,000. I have private lenders I have worked with in the past, and still work with currently but they are pretty close to me relationship wise. I would like to branch out to some lenders that arent neceseraly imidiate conections.
Do you guys have any suggestions on how to contact, and present information to a lender that isn’t an imidiate contact?
Also I’ve mainly secured my private loans with a typical mortgage lien and promissory note. Do you guys have any other ways that might secure a private loan?
Thanks!