BRRR vs Flipping

[Branden Ellenberger]

So, I'm still a newbie and trying to filter through all my internal questions...

I feel like I understand the gist of private lending in regards to the BRRR method which I'm interested in however, what I don't understand yet is how the private lender/investor relationships work in terms of pay off for flips. If I was to work closely with a private investor that strictly finances the down payment and the repairs for the property, how do we structure the pay off if I was to turn around the sell the property? This can hopefully help me discuss the general agreement with my private lender.

Thanks in advance!