Higher interest is their hedge against the chance that you default.That said, there are basic protections that can be put into place besides just "your word", and a lot of them have already been listed so there's no need in restating (mortgage, alternative asset backing, etc,). 

Virginia members:We recently acquired a property for a rehab project that has tenants in it. 

hey. first of all thank you for your time and any kind of answers. really appreciated. So. I want to buy a Condo (60k) as my first flip and have a simple questions. (I have around 15k savings and My Uncle said that he...

No screaming deal, but a "decent" first project to learn from.

If your interested or would like to know more about us please feel free to contact me Hope you have been successful in your real estate adventure so far ;) Nina and Allen  Hello Nina haven't recieves your projects yetThanks Ehab T.

also how the other partner will get paid and how much like hourly or as a project based fee , etc...????

Basically the agencies are trying to clam down on folks using primary residence financing and moving every year.

I've only done basic analysis of a bunch of properties in nassau and none met my criteria of 10% COC return.

Basically if you want to wholesaler get.

I've either self financed all of my projects or secured traditional mortgages.