How To Structure PRIVATE MONEY Ioans??

[Bradley Freedman]

Hello, I am looking for my first deal (BRRRR or flip) and trying to find private money to help finance. I'm wondering how people generally structure a deal with private money.

- Are you giving them a certain interest rate on their investment over a selected term, or are you giving them a percentage of profits?

- If giving a percentage of profits, how do you structure this?

- If paying interest on a loan over selected term, what interest rate and what term? 

- Any other specifics I should know about?

Any and all input is appreciated. Thanks in advance!