Repaying Private Lenders

[Justine Scheuher]

Hey BP Fam, I am trying to wrap my head around how the repayment of private lenders works, specially while using the BRRRR strategy. Can y'all give me some examples of your terms/stipulations. For example, is a specific date of repayment set in advanced? What happens if theres a delay in refinancing? What type of interest does the private lender receive--a set amount? percentage? or interest? Thanks