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Updated almost 3 years ago,
Advice on ROI for investor on hard money loan
Hey ya'll,
I'm quite a new investor with just a Duplex and primary residence eventually to turn into a rental in my portfolio. Currently in the process to do the brrrr strategy on a single family, getting a hard money loan that's requiring $25k down for 169k loan. I don't want to put my capital into the down payment and I have an investor interested in doing the full $25k. What I'm wondering is how I can get the investor a ROI and how I should structure it. I know I should get with an attorney, but want advice from some who may have been in this situation before I proceed. I'd like to present the gifted funds with a strategy to the hard money lender.
Should I promise $25k back after refinancing then guarantee $10k back or something like that? Your knowledge is appreciated.
Thanks