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Updated about 5 years ago on . Most recent reply

Andrew Bennett's profile image
Andrew Bennett's profile image
Andrew Bennett
  • Realtor
  • from Albuquerque, New Mexico
  • Member since Nov 8, 2016
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4
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2
Votes
Andrew Bennett's profile image
Andrew Bennett's profile image
Andrew Bennett
  • Realtor
  • from Albuquerque, New Mexico
  • Member since Nov 8, 2016
Connect
Andrew Bennett
  • Realtor
  • Albuquerque, NM
2
Votes |
4
Posts
Private Lending & Conventional Mortgage Advice

Private money rates when borrowing from family

Andrew Bennett
  • Realtor
  • Albuquerque, NM
Posted

What is a “fair” rate to pay a family member for the first time borrowing money from them?

What kind of return should they get for:

1. $5,000

2. $15,000

3. $30,000

What is the best way to repay them?

1. Lump sum at the end

2. Installments

3. Payments

Thank you in advance, and I apologize for the vague question.

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