No Interest because of faith

[Jarrad Weirich]

Hello everyone!

Me and my fellow business partner have just finished our first flip and sold it in under 24hrs with 4 offers!

The day we sold it, we were contacted by a previous coworker of mine who is wanting to get into the real estate wold. He wants to invest in our next deal and help with some of the work. It would only be a small amount (5k) and he will be helping with the renovation some.

The issue we are running into is that he cannot take Interest because of faith reasons. Has anyone run into this issue? What would you do in this situation?

We will have another private investor that is going to cover renovation costs, so he will get his regular Interest fee. I’m just not sure what to do about the return my previous coworker should get for his 5k and input he does in the rehab.

And help/advice would be appreciated!!