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Updated about 6 years ago,
Percentage to private money lender family member
My father is considering a HELoC to fund my real estate investment
What would be his pay structure?
What percentage should he get?
What are average HELoC rates (Im in NY but curious of rates to expect)
He would be silent for the most part, covering the funding - my down payment
I would hold the title of the property and be the primary decision maker
Thank you in advance for any advice as to how to structure this type of funding
Let me know if I should just use a bank mortgage instead