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Private Lending & Conventional Mortgage Advice

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Joseph Billow
  • Gansevoort, NY
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ROI for private lender

Joseph Billow
  • Gansevoort, NY
Posted Mar 8 2018, 14:16

I have the possibility for a loan from a private investor for my next investment home purchase. I haven't accepted private money before, nor has my potential investor loaned money for such an investment before. I need help in understanding what is a reasonable or "standard" return the investor can expect and how the loan should be structured.  My intention for the property is to buy, rehab, rent and refinance. I would pay the investor back in full plus their "return" when I refinance. So if things work as planned the loan would be fairly short term. Any advise or info would be appreciated.

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