All Forum Posts by: Mike Grudzien

@Marcus Powell 

I started out using hard money loans. Once I had a few successful projects under my belt, people in my network started asking how they could get involved — that’s when I started introducing the idea of private lending.

When I pitch a deal now, I keep it simple but professional. Here’s what I include in my lender packet:

• Deal overview – address, photos, ARV, comps

• Purchase & rehab budget – detailed scope of work, timelines

• Exit strategy – flip, refinance, or rental (with estimated profit or cash flow)

• Security – how their loan will be protected (typically a promissory note + deed of trust)

• Track record – short summary of past deals or team experience

• Terms – what I’m offering (interest rate, length of loan, points, payment terms)

The key is transparency and communication. Private lenders aren’t banks — they’re investing in you as much as the deal. Show them you’ve thought through the risks and have a plan for everything.

Just locked in a private money loan last week for a flip I’m closing Friday — so it definitely works.

 I agree. VRBO and Airbnb have all the basic communications that I use.

Make sure you have everything in your house. Checklists are great, but best way is to stay in your house for a couple days. You will quickly see what is missing or what needs some attention.