Looking for short term loan for flip. Willing to pay 30% interest

[Darren Natoli]

Hi BP 

I have a great flip under contract that I am looking for a short term 40k loan that I am willing to pay back in 3-4 months with 30% interest. I currently have two rentals and 1 flip in the central Florida area now and most of my cash is tied up in these investments. 

[Benjamin Pekarek]

Darren,

The only way you'll be able to pay 30% is through a JV agreement. I frequently pay 20-50% interest, however, as John Thedford said above, anything over 17.99% per annum on a LOAN is illegal - an equity partnership has no ceiling.

-Ben