What to pay the investor

[Ken Porta]

Looking to buy a house to rehab and flip or BRRR and keep as a rental really soon. My question is if I find an investor to be my bank. On average what do they make at the end of the flip? Or of I keep it as a rental how do I pay them back ..plus their share?. I know you get 75% cash refi after you finish the house, but wouldn't I need all that money for the next BRRR? what is the percent they usually get for financing the project?

[Frank Hinck]

@Ken Porta

See what they'd like to be making on the deal. 8%-10% over 3-4 months makes most folks happy, they get paid lump sum at the end so if they loan you $50,000 at 8% you'd pay them $54,000 at the end of the 3-4 month term. Show them you have multiple exit strategies to get their money back using BRRRR as the first option because you'd like to keep it as a rental but if that's not an option then using traditional Brokers, or even an all cash buyer.