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Updated almost 5 years ago,

User Stats

17
Posts
3
Votes
Matt Cupp
Pro Member
  • Real Estate Agent
  • Knoxville, TN
3
Votes |
17
Posts

Fair Private Money Terms

Matt Cupp
Pro Member
  • Real Estate Agent
  • Knoxville, TN
Posted

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?

  • Matt Cupp
  • Loading replies...