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Updated over 9 years ago,

Account Closed
  • Rental Property Investor
  • Bayonne NJ
2
Votes |
18
Posts

Hard money my first deal, what would be considered good terms

Account Closed
  • Rental Property Investor
  • Bayonne NJ
Posted

Hey guys, so I recently met a few investors who were willing to fund my first deal, I’m most likely going to do all the work and there just going to provide the capital, some told me they would fund my deal and go 50/50 on the profits.

This would be my first time ever borrowing a large amount of money so I wanted to ask you guys what are some good terms on hard money? What numbers should I be looking for when borrowing this money?

I’m sure any investor who wants to make money will lend me the capital for the deal. i just want to know whats a good deal for me and know the difference between getting taking advantage of and a good deal. Also most of these investors are first time investors meaning this would be their first deal.

Your advice will be highly appreciated

Sincerely, Steven Betancurth

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