Updated over 5 years ago on . Most recent reply
packages when approaching people for private money
Hi Everyone,
I am trying to put together a business plan that includes packages when I am asking investors for money.
I would prefer to have people accept a guaranteed interest rate (what is a fair interest rate to offer family and friends?) over 3-5 years backed by the actual property as they would be a lien holder instead of equity, however I don't want to not capitalize on money for equity deals.
What are some of the offers/deals you all have made with investors? And why do you choose to offer "deal a, b, or c" instead of other deals/offers? My goal is to keep these deals as clean as possible and have them be silent partners unless they truly have a skill set needed for REI.