Updated over 9 years ago on . Most recent reply
Private money lender
Good afternoon everyone.
My question is a about the ins and outs of private money lenders.
I have an older neighbor who wants to invest some money in realestate and asked if he could be in on a flip with me.
How should I structure this? cash loan? percentage of profit? interest rates ? also legal issues and tax issues.
Thank you all for any input,
Sam