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Updated about 6 years ago on . Most recent reply

User Stats

44
Posts
22
Votes
Sara Elford
  • Realtor
  • Columbus, OH
22
Votes |
44
Posts

Private Money lenders(Private investors)How much is your % back??

Sara Elford
  • Realtor
  • Columbus, OH
Posted

What are others paying their PRIVATE MONEY lenders that are Funding a full deal? What is the % they are getting back on their investment? I am curious to know because my company flips homes in columbus ohio. We find the deal, put it in contract, Contact our private lenders and see who is interested in funding the deal! So we already have a Full team in place as far as rehab goes, we have studied the market and know what the house will ARV at. We basically have a breakdown of the rehab costs. We will not go in contract on a deal that doesn't make sense, We do all the work, we do high end quality and finishes. The private lender just funds the deal through his/her IRA or Private money. We constantly have deals on our table just not enough lenders to fund! Curious to compare our % back to the lender vs others out there. Does anyone have any comparison? Also how long does the project take, From purchase to Sale. For us its typically 3-5months! Averaging take home for Lender 15-25k.

Thanks

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