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Updated almost 8 years ago,
Possible Loan from a friend - Please Help
Hello All,
I am pretty new to investing and therefore, have limited money to make deals happen. Okay so my boss has been wanting to invest in me for a while. He has about 15k and I need every investment I can get. I was thinking I could use his investment to leverage a loan to flip another house. Ill need about 75k so hopefully that 15k from him will be enough. We are not sure exactly how we want to structure the loan, but I want it to be a good deal for both of us. I was thinking doing 15% interest and 3 points since its a smaller loan. What are your thoughts? I've never taken a personal investment.
Cheers,
Christian Baker