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Updated about 16 years ago on . Most recent reply

Jim Rawdin's profile image
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Jim Rawdin
  • Residential Real Estate Agent
  • from Urbana-Champaign, Illinois
  • Member since Jan 22, 2009
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Jim Rawdin's profile image
Jim Rawdin's profile image
Jim Rawdin
  • Residential Real Estate Agent
  • from Urbana-Champaign, Illinois
  • Member since Jan 22, 2009
Connect
Jim Rawdin
  • Residential Real Estate Agent
  • Urbana-Champaign, IL
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Starting Out

What to pay my hard money guy?

Jim Rawdin
  • Residential Real Estate Agent
  • Urbana-Champaign, IL
Posted

I'm just starting and I have a friend that will loan me money. I asked him how much he charges and he told me what ever is fair, I'm suppose to pick it. What is a fair percentage? All the loans will be short term 180-360 days and probably no more than 100k.

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