Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Lending short term money, help with rates
My wife and I are looking to lend flipper friends money so they can close on two wholesale homes. The term is 1 to 2 weeks. What interest rate should we charge for this short term loan? If they state that it will take two weeks and it extends to four, should we have stipulations that address the extended term period? Thank you for your input.