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Updated almost 11 years ago on . Most recent reply
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Other Investment Opportunities While Tied Up In a Real Estate Deal
Hello, all.
I'm currently working with my brother on a real estate deal, which puts me a little behind as far as starting my own real estate investing because I don't want to pull out of my deal with him. It may be that I'm not as tied up as I think, so let me give a brief description of the situation and maybe somebody can throw some education my way.
Basically, my brother has a few rental properties and would be required to pay 20% down if he tried to purchase another. Since I don't own a home, having me buy it will allow us to only put 5% down and we can just switch the mortgage to his name after 6-12 months. He'll be handling all the tenants, collecting the rents, and paying the mortgage, and I'll be getting a portion of the income. He's still looking for the right place, though, which means I'm kind of stuck in a holding pattern as far as getting into real estate on my own.
My question, then, is what other investment opportunities could I look for while I wait for this deal to go through?
Thanks very much in advance for your thoughts and advice!
-Joshua Amarelo