Private Money for buy and hold
Someone has been talking to me about how they've been using private money for properties they keep long term. I guess I've been wondering how people structure private money deals for buy and hold, because I don't know when they would get their initial investment back.
Maybe its a non-issue, but I feel like if I were investing in somoene's buy and hold deal, in addition to my monthly $, I'd want to know what happens with my initial investment. Does the investor (the real estate one, not the funder) decide when to sell? What if he doesn't want to sell for 20 years? Does he buy out the PM investor?
... Just wondering, thanks for any input!