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Updated over 8 years ago,

Andrew Spears's profile image
Andrew Spears's profile image
Andrew Spears
  • from Greenfield, Indiana
  • Member since Apr 6, 2016
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Andrew Spears's profile image
Andrew Spears's profile image
Andrew Spears
  • from Greenfield, Indiana
  • Member since Apr 6, 2016
Connect
Andrew Spears
  • Greenfield, IN
0
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4
Posts
Private Lending & Conventional Mortgage Advice

Private Lending Advice

Andrew Spears
  • Greenfield, IN
Posted

I have found someone I am related to who is willing to lend me money for the purchase of my first rental property. My goal is to buy and hold for cashflow. The loan is for $50,000. How should I set up the loan with him? What is a good interest rate that we should agree on? How many years should the loan be for? This is my first house and I know this is crucial information to decide on. Thanks!!

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