Managing Risks in Fix-and-Flip Projects: Insights from a Private Money Lender

[Michael Lindsay]

Hello BiggerPockets Community,

As a private money lender, I've seen the transformative power of fix-and-flip projects. However, like any investment, they come with their own set of risks. I’d love to start a discussion on Risk Management in Fix-and-Flip Projects and share some insights from my perspective as a lender.

Having clear and detailed loan agreements protects both parties. Terms should include interest rates, repayment schedules, and contingencies for unexpected issues. What key clauses do you include in your agreements to mitigate risk?