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7
Posts
3
Votes
Rebecca Wisner
  • Lender
  • Bothell, WA
3
Votes |
7
Posts

I am considering providing gap funding to a flipper

Rebecca Wisner
  • Lender
  • Bothell, WA
Posted

I met her at a Real Estate meetup, she started investing about a yr and a half ago and has done very well.

She wants me to do a Promissory note only for $30K at 15% interest for 3 months with no Deed.

Am I crazy to be doing this in this market?

I am reading that most gap funders get a share of profits and points.

Thanks this is fairly new to me.

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