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Updated almost 6 years ago on . Most recent reply

Josephine Ramesh's profile image
Josephine Ramesh's profile image
Josephine Ramesh
  • Rental Property Investor
  • from Suwanee, GA
  • Member since Apr 6, 2019
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20
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6
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Josephine Ramesh's profile image
Josephine Ramesh's profile image
Josephine Ramesh
  • Rental Property Investor
  • from Suwanee, GA
  • Member since Apr 6, 2019
Connect
Josephine Ramesh
  • Rental Property Investor
  • Suwanee, GA
6
Votes |
20
Posts
Private Lending & Conventional Mortgage Advice

collateral for the private money investors

Josephine Ramesh
  • Rental Property Investor
  • Suwanee, GA
Posted

I have few friends interested in funding my next BRRRR deal. I offered 10% annual interest which I will pay in full when I refinance the property , in about 7 months. So they get about 7% interest. They are good with that. But they want to know what collateral I will provide. How does private money funding normally work?This is only my second deal, so I am VERY new here. Would greatly appreciate any info on this topic.

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