1st deal looking for some advice.
I am submitting an offer on a property,hoping to be my 1st fix/flip. I have already found a HML and wanted to know how to determine if the terms are outrageous. Iv'e googled what typical numbers should look like but he also mentioned either a very high money down option or giving up profits on the back in to have the money on the back end. Is this normal for the most part?
Property - 99K 4BD 1.5 bath 7,474 sqft.