654: Private Money Explained Part 3: The "Credibility Pieces" Lenders Love to See

<p><strong>Finding a private money lender is far less complicated than people think</strong>. Striking up a ten-minute conversation could be enough to find your next round of private money. At least that’s how it worked out for <strong>Josiah</strong>. Josiah is a <a href="https://www.biggerpockets.com/blog/stages-scale-small-business" rel="noopener noreferrer" target="_blank">small business owner</a>, running a <strong>pool cleaning business</strong> while building up a <strong>small portfolio of rental properties</strong>. He sees dozens of new faces every day, and those new faces directly translate into new opportunities.</p><p>After hearing our past episodes with <a href="https://www.biggerpockets.com/blog/real-estate-636" rel="noopener noreferrer" target="_blank"><strong>Amy Mahjoory</strong></a>, Josiah took some of her tips and began <strong>pitching his deals to everyone he encountered</strong>. Now, he’s got some<strong> private money lenders lined</strong> up for his new multi-unit, four and a-half acre, <a href="https://www.biggerpockets.com/blog/what-you-need-to-know-before-buying-a-short-term-rental" rel="noopener noreferrer" target="_blank">short-term rental</a> real estate deal. We told you—raising private money is a lot easier than most people think! But we’re not just talking to Josiah today. We also have Amy back on the show for <strong>part three of her private money masterclass</strong>.</p><p>This time, Amy talks about <strong>building the “credibility pieces”</strong> that give private money lenders confidence in you, your team, and your deal. These range from <strong>presentations </strong>to <strong>deal reviews</strong>, <strong>calculators</strong>, and more. These<strong> private money tools took decades to build </strong>and Amy still uses them today! Interested in testing out some of Amy's private money-raising tools? <strong>Check out the </strong><a href="https://www.biggerpockets.com/podcasts/real-estate" rel="noopener noreferrer" target="_blank"><strong><em>BiggerPockets