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Private Lending & Conventional Mortgage Advice

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Luke H.
  • Real Estate Investor
  • Dallas, TX
160
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371
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lending money 70k |10% return| 6 months| 100k collateral

Luke H.
  • Real Estate Investor
  • Dallas, TX
Posted Jul 20 2018, 11:19

Hello all,

I am needing some help with an offer. Someone wants to borrow $70,000 for 6 months at a 10% interest rate. The collateral is a lot, according to the tax record the lot is worth $100,000.

Advice, suggestions, feedback.

Any help would be great,

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