The deal can be structured so that you "the seller" carry back a $90,000 first lien, usually with an 8% interest rate (which you will sell to a note buyer at closing) and a $5,000 second lien, which you will keep and receive monthly payments for.

The deal can be structured so that you "the seller" carry back a $90,000 first lien, usually with an 8% interest rate (which you will sell to a note buyer at closing) and a $5,000 second lien, which you will keep and receive monthly payments for. 

The initial purchase price was $475,000 with a rehab of $160,000 and a 5% down payment of $32,000 for a total mortgage of $603,000.  

If you went into the business transaction with a serious attitude and a professional process then yes they absolutely would. 

Some entities have advantages over others depending on the activities of your business.From both a tax standpoint and a liability standpoint, forming some type of entity is usually the best option.

@Carmen Falcone, No matter what you decide it will be a learning experience, and as long as you and your partner maintain that mindset you will be fine - either way.  

Hey guys, we are just about to wrap up on a remodel on our second home that we are flipping, and a home next door with the exact layout hit the market and they claimed to have more square footage than our house.

So far I have invested $105,000 in 16 of their loans with various investment sizes ranging from $5,000-$15,000 in the past year and a half.

. - this will give you an indicator and a comparison of prices in your marketing area.

I'm looking for a private lender and a couple gc's to work with in Utah.