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Updated about 3 years ago on . Most recent reply

User Stats

20
Posts
7
Votes
Joshua Hughes
  • OKLAHOMA
7
Votes |
20
Posts

Advice on structuring deals

Joshua Hughes
  • OKLAHOMA
Posted

Hello, I am looking to do my first deal with a a private money loan. I am finding deals that I would want to bring to the table, but am having a difficult time with ways to structure the deal. Any advice, or past experiences would be greatly appreciated. 

Most Popular Reply

User Stats

3,019
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2,320
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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
2,320
Votes |
3,019
Posts
Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
Replied

Hey @Joshua Hughes, if you are going to use OPM for your first deal, then I'd recommend giving it all away.  You're asking someone or some ones to put their hard earned (more or less) money into your education, which is a great tag-team!  However, THEY have the lion's share of the risk in the deal, so be more than generous with their returns and how you secure their interest in the deal and then deliver, and you'll make some repeat partners out of them!

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