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Updated over 7 years ago,
Doing my first flip and lender wants me to name the terms.
I'm getting ready to do my first flip and I have a private lender who I asked what their interest would be in financing the rehab for this project. I used this same lender to buy a buy and hold single family. This lender who is new to the scene as well as I am said they'd be interested but what would the terms be.
My question to all of you is, what are reasonable terms without over doing it for us or skimping on their generosity as well.
Thanks