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Updated almost 5 years ago,
Fair Private Money Terms
Purchase price is $83,400.
Rehab is $8,600
Total investment is $91,000.
ARV is $115,000 - $120,000
Would clear $111,000 - $116,000
Profit between $20,000 - $25,000
Turn time should be 90 days closed.
I have 50% and borrowing the other $45,500.
I've procured the deal and will be managing the rehab. The $45,000 loan is just funding.
I'm maybe overthinking because of the small $ amount return for the lender if we do a few points and interest.... yet what's a common and fair agreement with the lender to make it worthwhile for everyone?