The owner of a sfr bungalow in a good part of town wants to finance the renovation...or sell it outright. I have my numbers where they need to be and she is ok with the current offer. I would like to finance it with her because she is open to a very attractive annualized interest rate. I have an idea on how to structure the repayment, however not sure exactly what would be best. Can anyone elaborate on a good structure. Keep in mind, she is older and this deal is "fun" for her. She is open to whatever I have to offer. I'm in a great spot, just need some guidance! Thank you, Dan
Is this a rehab or a buy and hold? It sounds like a buy and hold, but I'm not sure.
this is a renovate and flip to retail market