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Private Lending & Conventional Mortgage Advice

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Phil Vongsavang
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Private Lending: How to Safely Lend to Flippers

Phil Vongsavang
Posted Dec 12 2019, 12:32

I've got a bit of cash I was going to put toward personally flipping homes in the next 12 months. But someone recently approached me asking if I'd be interested in helping to fund their flip project. I do trust this person and know first-hand that they're experienced so this isn't a question about vetting. What I'd like to better understand is how to structure lending in order to protect myself, both when a deal is successful and when something goes wrong. 

I'd love to hear from those who have been personally involved with private lending to hear about the successes and pitfalls I should look out for. 

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