All Forum Posts by: Paul Mossbarger

thanks for the advise.  that is a good idea to keep the two separate who knows how much he will help or how useful help will be.  I wont do the percentage i miss spoke on that i meant interest on the money he lends.  Thanks again   

Thanks for the advise.  I was thinking it would be best to do interest myself i just wasn't sure how much.  He is wanting to help with rehab some so if he helps out a decent amount what would be good for that.

I am going to borrow money from a friend who is interesting in making some money with me on my second flip.  I wont be borrowing much from him but im not sure how much he should make when the house sell.  should i do a percentage of what he lends or a set amount on it. I have never borrowed money from a private lender before.

I was just thinking of going with the vinyl planks myself I am going with them for sure now.  You guys made some good points.