Private Money Terms?

[Jared Vidales]

Hi Everyone, 

I have a good friend who wants to invest into my fix/flip projects. He has 100-200k that's sitting in a bank account, that he wants to invest with. He would simply be handing it over, and we would use the cash for acquisition, rehab, and everything in between.  Im unsure how to structure an agreement that would be fair for both parties. 

I want ideas on the terms y'all are using for private money with close friends. 

I know I could make him an equity partner in all fix/flips, but that poses risk for him. I could give him an annualized return of say 12-16%, and pay interest quarterly, ect. 

Looking for ideas