Creating a Win-Win for Family Investors?
I'm just starting. Haven't closed on my first deal yet but actively looking everyday. Looking at Flipping or BRRRR strategy.
Thankfully I have two family members willing to invest some big money to help me get this thing rolling. One at $200k and another at $100k. I want to do well by them since they are taking the risk and they are family. But I also want it to be best for me too.
How would you suggest I structure a deal? Should they get a percentage of what I borrow regardless of the deals or should they get a percentage when the deal is complete? Looking for good suggestions. Thanks!