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Updated over 2 years ago,
Win-win private loan from a friend of a friend
I have a meeting set up with a friend of a friend who is interested in lending me some money for cash to close on my first quick fix and flip. I have done one fix and hold and one live-in longer term fix and flip. I have a great deal with a good amount of room for learning (making mistakes) but I am not sure what to offer her. I could use some advice. I don't think she wants to hold any equity. Details of deal below:
Purchase $53k, Rehab 24K, ARV 130K. Hard money loan with estimated $12k cash to close. Thanks!