Private Investor Transparency

[Mike Fiorese]

Hey BP!

I have a family member interested in investing in my next real estate endeavor, I'm concerned they will want to be a fly on the wall for every step of the process. They would strictly be a cash investor paid back via a set interest rate. How much do I disclose to them about the project (BRRRR)? I understand they are investing their hard earned money and want to make sure it is safe, but, I know the juicy details of the rehab will cause them to stress out.

Please share your advice and experiences.

Thanks!