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Updated 6 months ago on . Most recent reply

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205
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Jerome Morelos
  • Redlands, CA
88
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205
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How to structure Private Money?

Jerome Morelos
  • Redlands, CA
Posted

Hello BP! I have a family member that's willing to lend money from their HELOC for my next deal to cover rehab costs. I've never used private money and was wondering how I could structure it?

  • Jerome Morelos
  • Most Popular Reply

    User Stats

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    Nicholas L.
    #3 Starting Out Contributor
    • Flipper/Rehabber
    • Pittsburgh
    4,084
    Votes |
    5,107
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    Nicholas L.
    #3 Starting Out Contributor
    • Flipper/Rehabber
    • Pittsburgh
    Replied

    @Jerome Morelos

    no offense but... this doesn't make a lot of sense to me

    HELOC rates are high so for this to work you'll have to give them a great return to make this work for them...

    way too complicated for my taste

  • Nicholas L.
  • Loading replies...