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Updated over 2 years ago,
Private lender for flip down payment
New member and fairly new licensed contractor looking for advice. I'm almost finished with my first flip. Another property has become available that I'm interested in flipping, but I don't have the cash for the down payment. If I use a private lender for the down payment only, what should the ROI be for him? How is that determined? Is there a split of profit, or is it just a straight percentage of the loan? Thanks for your help!