Updated over 6 years ago on . Most recent reply
Using a Family Member Investor for Flip Funding
I have a family member who has offered to fund my first house flip, cash. If he was solely used for funding, no part in flip/or rehab costs- what is the appropriate amount (%) of profit would be fair for him to take? I am fully able to obtain a conventional loan for the flip but to avoid funding costs and a 20% dp, I am considering the cash funding, also making our offer stronger. Please any advice and info is appreciated on how this works. Thanks!
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@Gina Brunello You could do a 50/50 split or possibly offer them X% return on their money...