In which ways can you pay back private money lender?

[Nick Zias]

Hi Everyone,

I am looking for some possible alternatives on paying back a private money lender. If I was to borrow lets say 100K for a down payment on a property I am currently speculating on. My current strategy would be to offer an 8-12% on his investment for the year. However Id also like to borrow against the equity I would have on the home to repay back the full amount of the loan so that I only owe the bank now. Is this a possible strategy? 

Thank you