Fair Return For Flip Loans
What are you guys getting in return for loaning money for flips?
We have a property that we plan to loan for 3 months and make $4,800.
Here are the loans I got:
The first loan was a loan of 285k at 9% and we made $8,550.
The second loan is 160k at 12% annual interest.
Market is anywhere from 10%-13%; if you aren't selling your loans - it can be whatever is legal in your state.