I've watched a few Biggerpockets videos and podcasts and have heard of many people using private money for real estate deals. When looking at private money loans, I see a lot of people using them for flips and not buy and hold. I know what private money is so thankfully I don't need an explanation. However I could use an explanation as to how private money loans are structured for buy and hold. What is the typical interest rate, loan term, etc.? I can get clear answers to how fix and flips work with private money but can't get good answers for buy and hold to save my life.
Unless your getting a family/friend discount on an interest rate 6% or less private money doesn't really work for buy n holds. If your giving up some of the ownership like 50% and you'll both split the cash flow then it could make sense. It's usually designed for short term loans such as flips and BRRRR strategy less then 12 months.