Structuring Private Money Deals

[Ginger Brown]

I have some potential private money investors and am looking for advice on how to structure the agreement? What I would like to do is to have money up front to use to purchase and rehab and then refinance and pay my investors off (plus interest). I will be pitching in a portion of my own money as well. I have been looking at my options for hard money at 7% and conventional at 3.5%, would 5 or 6% be a good offer to them?