Financing my first flip with private money and hard money loan

[Terri Hollinsworth]

I am a first time investor in Orlando Florida and I am looking to start with some flips. I have a GC who I am looking to partner with and a few investors (who are already business partners.) They really want to invest in real estate but don’t have the time. 

My question is how to go about financing. 

I am leaning towards having my investor pay the down payment on a hard money loan and then paying them back an interest and possibly some points on their investment. 

Is that realistic or a good idea? 

How much interest or points should I approach them with as an investment opportunity?

Thanks! 

-Terri