Updated over 8 years ago on . Most recent reply
partnering on a rehab with seller
So I have a seller who wants to do this deal.
ARV - 250-290
Rehab Costs - 25k
Amount owed on the house - 155k
The seller wants me to fund the rehab and is willing to pay me 45k (25k plus 20k profit) on the backend when the house is sold in 3 months.
How can such a deal be structured so that usury laws are not broken, I have a lien on the house and I can remove all my risks associated with the deal.