Updated over 10 years ago on . Most recent reply
10/90 Private Lender Scenario
A contact of mine outside of bigger pockets, states that he has access to a "Fund/Lender" that will allow me to get into a property with only 10% down, they would cover the remaining 90%. After the purchase, they would cover all construction costs with myself overseeing the project. Once the property sells, Profits are split 50/50, and then there would be a 12% return on the initial 10% investment as well. Has anyone heard of a program like this before in private lending? If so, did you take advantage of it and were terms as stated/signed? Thanks for your replies/feedback.