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Updated over 6 years ago on . Most recent reply

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14
Posts
3
Votes
Anthony Capaldi
  • Flipper/Rehabber
  • NJ
3
Votes |
14
Posts

Does this sound like a good loan

Anthony Capaldi
  • Flipper/Rehabber
  • NJ
Posted

I am going to be buy a property using a private lender, we agreed agreed to 20% down payment, he’s covering 100% of the purchase price and the rehab, with 15% does this sound like a bad deal it’s my first property.

Most Popular Reply

User Stats

28
Posts
15
Votes
Nicholas Andrews
  • Rental Property Investor
  • Sydney, NSW
15
Votes |
28
Posts
Nicholas Andrews
  • Rental Property Investor
  • Sydney, NSW
Replied

@Anthony Capaldi

Mate 10% interest from a private lender in a deal you have little skin in, and what’s potentially your first deal, is sensational! If he wants to lend more money send him my way! Haha

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