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Updated almost 3 years ago,
First time Private Lending - keep my investment safe and tips
Hi
For first time private lending to rehabber - trying to figure out - how this works
1. What should be lending terms?
2. What if rehabber drops/delays the project?
3. What if property does not sell as fast you would like?
4. How much should you lend?
5. What paperwork/contract needs to be done?
6. Reward (interest rate etc)- what are the rewards for lending that private money lender should ask for?