How to Convert Partners Into Private Money Lenders?
Getting to the point where I want to scale up my real estate investing business and trying to figure out the best way to get large private lenders. My biggest issue currently is I have worked with some higher net worth individuals to partner on deals in the past, structure would be they provide all money and I do all of the work and we split profits in some manner. Going forward I believe in order to scale I need high net worth private lenders instead of equity partners. Unfortunately, all of the high net worth guys I have been talking with don't want to lend to me at a fixed rate but instead what to have equity in the deal and share in the higher upside. Anyone had experience on how to convert these investors into lenders or how to pitch private lending to higher net worth individuals?