Should I loan money for a flip if I need the money in 12 months?
I currently live in London and have some money in the U.S. I'll need to buy a personal residence and cars when I return in July 2016. My question is should I loan this to a business partner who wants to complete a flip?
I would put in the terms that it was due back in 9 months and have had good experience lending on a flip with this person before. Is it worth the risk of something going wrong and not getting paid back in time? It sure would beat the bank interest rate if I just leave the money in my savings account. Anything else I could do to safeguard myself?