Private Money or Partner

[Lynn Henley]

My private lender asked me about the possibility of a partnership, so I'd like to get some feedback on what others are doing.

I know I would probably actually make more profit if I go it myself, and just use his money, but I'd also be on the hook more. I told him, that with a partnership, he wouldn't be receiving any interest on his money until the deal closes. He said he was OK with that.

Anyway, I'm open to any and all feedback.

Thanks,

Lynn (FL)

[Jon Holdman]

Work through the math. A loan, even at fairly high interest, is often cheaper than a partner. But depends on the exact terms for both.

Another consideration is his involvement. Being a partner may result in him being move involved.