All Forum Posts by: Evan Feuer

I am new to real estate. I am almost done my first JV. So far so good. I have a bid accepted from a bank REO for a home to be rehabbed and flipped. I was planning to use hard money for that deal. There is a private money lender I have been chatting with for some time. His background is in finance but never in real estate. I sent him a project overview with all the numbers that I ran trough a deal calculator. He said he is in but wants a terms sheet. I am familiar with terms sheets from my background in technology, but have never seen one for private money for flips. Does someone have a template or example they could share?

Thanks for any help. 

Evan 

I've been to their meeting and there is a mix of folks.You'll find what you need there if you put yourself out there. I mostly go to the SJREIA meetings because I live near Trenton. Essex and Bergen counties are too far. If I lived in North Jersey I'd be going to those meeting. I have only been in real estate since new years. I am doing a JV flip now and have been bidding on other properties trying to get my second deal. I couldn't have done this without the help I got from the folks I met at the REIA groups. I go to at least one meeting a week, sometime more.

Evan

There is a good REIA group in your area. You should join that group. They have plenty of great investors in that area. http://www.meetup.com/New-Jersey-Real-Estate-Inves...

Evan