I have a private lender, now what?
I just secured an opportunity with my first private lender. I’m not sure if I would call him a private lender or a partner, maybe you guys can help me with that.
My lender is willing to loan me 100% of cost. I am trying to employ the BRRRR strategy, well my lender has absolutely no interest in long-term rental property.
Can someone please help me design a fair strategy for him to make money on the rehab as well as interest on the use of his capital, while still allowing me to be able to cash flow on the backend after we rent and refinance?