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Updated almost 5 years ago on . Most recent reply

User Stats

27
Posts
8
Votes
Michael Archard
  • Rental Property Investor
  • Framingham, MA
8
Votes |
27
Posts

Seeking advice when paying back private investors

Michael Archard
  • Rental Property Investor
  • Framingham, MA
Posted

Hey BP,

I just completed a very successful flip using private investors to fund the purchase price and some of the rehab. This is the first time using private money (friends and family) so I wanted to reach out to see what others do when paying back their investors. I am planning to do a short write up to summarize the investment (forecast vs actuals) and provide some before and after photos. I want to do more than just cut a check and thank them. 

Any thoughtful/creative ideas are welcomed. Thanks in advance. 

Most Popular Reply

User Stats

335
Posts
469
Votes
Paul Shannon
  • Rental Property Investor
  • Fishers, IN
469
Votes |
335
Posts
Paul Shannon
  • Rental Property Investor
  • Fishers, IN
Replied

If it were a fixed rate loan and you did really well on the project, consider giving them an extra 1%.  By overdelivering on your promise, you'll have money to recycle for years to come. 

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