Using private lender for a downpayment
Hello all! I’ve got a really good potential flip I’ve found that’s got great numbers. However the downpayment for the property is where I need the help of a private lender. I am wondering is it possible to find a private lender to loan me the cash for the down payment in return they would get their money back + 20% of the final profits on the home. Im structuring the deal this way because I am young and don’t have lots of experience so I’m trying to find a private lender that would give me a shot and also structure the deal to the point where they can’t say no. Let me know your thoughts!