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Updated over 6 years ago,
Uncle wants to borrow from me, what are my risks??
Heres a quick run-down of the situation.
My uncle wants to borrow 65k from me (for a flip) from a line of credit I have. I don't love the idea but I will be away with the military for a couple months so I won't be doing anything with the money anyway. I explained to him that I would need it back after 3 months and he complied. I will be paying about 4.5% once taken out. What are my risks? and how much should I require from him to make it worth my while/ risks?