First Private Investor, How Do I Make The Deal Work?

[Phillip Marshall]

Ok, so I have my first private investor who wants to lend up $250k for me to do a deal with. I'm thinking I can do a BRRRR with this cash/flip. However I have some larger opportunities such as a triplex for around 500Kish. The investor does not want to be on a second position for lien. Is there a way to structure the deal where they are on the deed and I can refinance them out at some point. How can I make this make sense for a larger than $250k deal while also putting them at ease? Can anyone share creative ways to get a deal done with this money?

[Jonathan Klemm]

Hey @Phillip Marshall - Awesome work finding a private money lender.  I am always looking for more genuine people, which are hard to find, and borrowing money from the wrong people has never been my game plan.

I don't see any bankings willing to take a second position.....I feel like your best bet is either to find a seller financing deal or raise more money.  There is also nothing wrong with flipping some houses with the $250k to generate capital.  That has always been our model here in Chicago.