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Starting Out
HomeForumsStarting OutInterest payback on family loan to get started
Rachel Gill's profile image
Rachel Gill's profile image
Rachel Gill
  • Investor
  • from Baltimore, Maryland
  • Member since Dec 22, 2014
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Rachel Gill's profile image
Rachel Gill's profile image
Rachel Gill
  • Investor
  • from Baltimore, Maryland
  • Member since Dec 22, 2014
Connect
Rachel Gill
  • Investor
  • Baltimore, MD
48
Votes |
78
Posts
Starting Out

Interest payback on family loan to get started

Rachel Gill
  • Investor
  • Baltimore, MD
Posted Dec 24 2014, 17:45
Hello All! I'm new to BP and am absorbing all of the great info on this site. I want to focus on fix & flips, but I have little to no money to get started. I'm thinking of swallowing my pride and asking my father for a 25-30K loan to get started. This amount would be my "skin in the game" for a hard money loan. My question is this... What is the best way to structure the payback of this loan to make it of benefit for my father?
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