What would a typical contract look like with OPM

[Brenda Maddox]

Hi Everyone, 

Newbie here, Can anyone tell me how you would go about arranging paying investors back? I am trying to wrap my head around how to get this done but have never used OPM and have NO CLUE and I feel super awkward about even asking people I know.

Ex. Let's say I have identified a house that I could buy for cash $100,000 for a short sale(mostly with OPM.) Let's say it takes 1 year we fix it up dump 30,000  into it and then we could a turn rent it out (other houses in the neighborhood $200,000 to $280,000.)  It looks like it could rent in the $1500 /mo so a decent cash flow. So at this point I could get a conventional loan and put the renter in there. So the investors are out once you have a loan or sell it correct? What is a typical percent that you have paid your investors? What is a fair amount? Ok let's say we get it done in 3 months, how much would they earn on their money then? 

Thanks in advance!! Brenda