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Updated over 7 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Erik Emerson
  • Hastings, NE
1
Votes |
12
Posts

New Investor looking for some guidance

Erik Emerson
  • Hastings, NE
Posted
Here's my situation. A family friend wanted to help my brother and I get started in real estate. He supplied us with a $70,000 line of credit at 2% annually for five years. Probably doesn't sound like a lot, but we live in Nebraska, and the prices are relatively low. How would you use this money to scale as fast as possible? The ultimate goal being to quit our jobs within 10 years. We are both married and we all have W-2 income. We both have good credit.

Most Popular Reply

User Stats

144
Posts
71
Votes
Brian Egr
  • Flipper/Rehabber
  • Lincoln, NE
71
Votes |
144
Posts
Brian Egr
  • Flipper/Rehabber
  • Lincoln, NE
Replied

Loan it to me for 7%, you guys can clear 5% no risk.

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