Amazing New Program for New Investors????
So the program seems pretty simple to me especially for someone starting out with not much capital that would allow them to be part of a flip. Yes I know there are hard money lenders but this does not appear to be a loan and would allow you to hedge the risk with little money down with an experienced real estate company. Seems like a win/win to me and I'm curious as to what other people thing about this route.
- Gorilla Capital provides 90% of acquisition and remodel costs
- Fix & flip operator provides remaining 10% of acquisition and remodel costs
- Gorilla Capital charges a monthly 1% management fee for capital in use
- Fix & flip operator earns 12% per annum on their capital in use
- Remaining net profit is split 50/50 upon closing