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Updated over 4 years ago on .

User Stats

22
Posts
11
Votes
Gerald Perez
  • Real Estate Agent
  • Los Angeles CA
11
Votes |
22
Posts

Using private investor for first flip

Gerald Perez
  • Real Estate Agent
  • Los Angeles CA
Posted

Has anyone used a private investor on your first fix and flip or buy to hold?

If so how did you explain the profits and the process?

Was printing out a report and explaining the numbers the way you got them on board?

Did they already have REI experience?

Did they have their own interest rate in mind?

Did the loan cover rehab costs? Or did they even consider 100% funding if the deal was good enough?