Updated over 8 years ago on . Most recent reply
How to structure private money loan from family members
Hello. I’ve done about 6 flips in the last 10 months with a 50/50 equity partner. However, moving forward I’d like to do some without the partner. I️ have a few aunts that have a couple hundred thousand dollars they are willing to lend, but I’d need to understand the private lending process before borrowing their money. We discussed a 10% return and they are happy with that. Any advice on how to structure it all, or resources to find out how to start the process would be greatly appreciated. Thanks in advance