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Updated over 4 years ago,
What’s a good return for someone that wants to invest in me.
Hello all! So I’ve flipped multiple houses and
Have made pretty good money. A family
Member Wants to lend me money.
I was flattered by the offer. Now I want them
To make a good chunk of money but I’m not
Exactly sure what A good interest rate I should
offer them. Below is a breakdown of
The interest rates I was thinking. Please
Let me know what you think. Thank you
In advance. Loan will be repaid after
The sale of the property.
$5,000 -$10,000 = 15% return
$20,000-$30,000 = 20% return
$40,000+ = 25% return
Are these rates to high or low?