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Updated almost 6 years ago,
I am considering providing gap funding to a flipper
I met her at a Real Estate meetup, she started investing about a yr and a half ago and has done very well.
She wants me to do a Promissory note only for $30K at 15% interest for 3 months with no Deed.
Am I crazy to be doing this in this market?
I am reading that most gap funders get a share of profits and points.
Thanks this is fairly new to me.