Structuring Deals With Private Money Lender

[Dustin Murphy]

Hi Everyone,

I am in the education phase of how to structure deals with a private money loans. How should the deal be presented to the private money lender to insure them if I were to fault on the loan they take over the property? I have read something before about them being first position on the property until I were to refinance into traditional financing if I were to be using the BRRRR strategy but I am not 100% sure how that works in terms of contracts. If I was to flip a property would everything be the same as to how the deal would be structured if I was planning on holding the property? Hopefully I worded everything right for my questions and someone can give some insight on their experience using this strategy.

Thanks in advance,

Dustin