Just closed on a private investor

[Randy G.]

So yesterday was a great day!! We had a lunch meeting with potential cash investors. They said yes and want to give us 200k for 6-8 month loan 9% interest for our next flip.

My first thought was I could use 200k for a down payment on 2-4 SFH at one time and combine it

using hard money. Is this a good idea ?

Or use the 200k and buy 1 property cash and flip?

What would you do with 200k cash?

[Wayne Brooks]

Your private lender, I’m sure, has no intention of taking a second position lien for you to use it as a down payment, he would be a fool to do so.....and how would you pay it back in 6 months?