All Forum Posts by: Clarence Browne

Understood David. My deals right now are not with HML. I understand PML deals can vary wildly just wondering if there's a rule of thumb in what a good PML deal looks like.

Everywhere I read about PML, the "TYPICAL" deal is described as 8-12% interest (I've seen 6-15% as well) with nothing being mentioned about a profit split.  I do see instances where joint ventures may be up to 50/50 profit split but this is always discussed as expensive and out of the norm terms that you want to get away from as quickly as possible.  Is there typically a profit split with private money lenders?  I want to be fair with my lenders, but I also want to be clear on whether or not I'm paying more or less than the norm.

Thanks guys! Very helpful! I’ll check out the marketplace and keep working my network. 

Is there a forum for connecting with private lenders on BP?  I'm working my local connections but would like to expand my search a bit.  Any advice on best places to connect?  Do you guys typically just work personal connections?