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Updated over 2 years ago,
Incentivizing a Lender
Good Morning BiggerPockets! I'm just starting to take action to get into real estate investing. I'm looking to start with house-hacking into the BRRRR method but I have a question about finding private money.
What is a way to incentivize a private money lender into helping fund a BRRRR deal when you’re looking to keep the property long-term? (For example, if you flip a deal for a profit within a year, you can pay your lenders back in entirety with interest after that year, but I don’t believe I would see even cash-flow until at least the beginning of year two)
Any advice, stories, or questions would be welcomed and appreciated!