Private Money

[Sam Byrd]

Your thoughts... I have an offer for private money funding for flips. Lender will fund acquisition, rehab, closing costs, marketing, etc. He is asking for 40% of profit after expenses and I keep 60%. In general we are talking about properties that will have an ARV of $150k or less. In our market, that's a nice 3/2/2 SFR in a blue collar neighborhood. I'm sure the math junkies will analyze this a variety of ways. Typical deal would follow the 70% rule. Thanks!