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Updated over 4 years ago on . Most recent reply
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Seeking advice when paying back private investors
Hey BP,
I just completed a very successful flip using private investors to fund the purchase price and some of the rehab. This is the first time using private money (friends and family) so I wanted to reach out to see what others do when paying back their investors. I am planning to do a short write up to summarize the investment (forecast vs actuals) and provide some before and after photos. I want to do more than just cut a check and thank them.
Any thoughtful/creative ideas are welcomed. Thanks in advance.
Most Popular Reply
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If it were a fixed rate loan and you did really well on the project, consider giving them an extra 1%. By overdelivering on your promise, you'll have money to recycle for years to come.