Updated over 3 years ago on . Most recent reply
Private money for high end flip
What sort of terms are you guys offering when borrowing private money for a flip? Taking the money on as an equity partner in the project. Any insight would be appreciated!
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It depends on the deal but one private equity arrangement I have worked out is I borrow some or all of the money for acquisition and rehab, then pay Prime+1% on the money, and split the profits at the end 50/50.