What type of terms are you getting from private money on flips?

[Michael Elfant]

Hi Guys,

As Hard money is becoming more and more competitive with their rates, what type of structures are you able to get from private money (non-institutional) $ these days?  

Trying to figure out how to structure my flips.  Are you guys able to get 10% money from friends and family via a promissory note?  Are you writing them a mortgage on the property as well?  Are you giving up equity?

Thanks,

Mike