All Forum Posts by: Dylan Smith

 Thanks for the info! They are trying to figure our the total purchase price but it's no more than $150k. It's family friends so i do not expect for them to disappear, although the numbers I am running on the deal are not working out in my opinion.

 Thanks for the input Scott, very helpful. It's a family friend, a home for themselves that needs some work that they cannot get a conventional loan for. I believe they are getting the reno funding from direct family but were looking for private money for the cash purchase in full.

I have an opportunity to provide a private loan for distressed property to be rehabbed and refin. I have never loaned money like this before and was unsure how to protect myself, and what interest to charge.

Any advice is appreciated! 

Thank you!