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Updated almost 6 years ago,
Private Money Pitch and Loan Structure
Hi All!
I plan to purchase a flip within the next few months. As I am just starting out in real estate (I own a duplex) I don't have the money to fund a deal in cash so I plan finance with a combination of private money ~30% and hard money ~70% or conventional depending on the property.
My long term strategy is a buy and hold for cash flow with some flips mixed in to fund Multi Units with the goal of leaving my job within 5 years. I've been broadcasting to anyone who will listen what my plan is and have garnered significant interest from friends/acquaintances /family who want to invest with me. I want to put together a package/pitch deck to send to these potential investors. Having the details written up will hopefully give the on the fence investors the confidence they need to move forward.
Does anyone have a template for structuring a private money deal that they would be willing to share?