Private money lender

[Andy Giles]

I’m so new to this and trying to get an understanding.

If I approach a private lender with

Needing $15000 and paying back lump sum $16125 in 8 months. Is that a good deal for both parties? That’s 7.5% interest.

Plan: offer cash for home that owner wants out of bad

Cash out Refi in 7 months and pay lender the money. I believe they would take a LOW cash offer.