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Updated over 6 years ago on . Most recent reply

Jesse Kerr's profile image
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Jesse Kerr
  • from Fairfield, California
  • Member since Dec 21, 2015
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Jesse Kerr's profile image
Jesse Kerr's profile image
Jesse Kerr
  • from Fairfield, California
  • Member since Dec 21, 2015
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Jesse Kerr
  • Fairfield, CA
26
Votes |
79
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Starting Out

Borrow from wealthy realtives or figure it out on my own?

Jesse Kerr
  • Fairfield, CA
Posted

I have a wealthy (and nice and often loans money to others) family member who I could potentially use for purchasing rental property. One of those - I would utilize them for the BRRR process. Would this just completely ease my entry into the rental market? Is this something most wish they had and I should take advantage of? Of course, everything would be legalized, notarized, etc.

Thoughts? 

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Mike Dymski's profile image
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Mike Dymski
  • #5 Investor Mindset Contributor
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  • from Greenville, SC
  • Member since Mar 10, 2016
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Mike Dymski's profile image
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Mike Dymski
  • #5 Investor Mindset Contributor
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  • from Greenville, SC
  • Member since Mar 10, 2016
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Mike Dymski
#5 Investor Mindset Contributor
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  • Greenville, SC
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

If they are wealthy, I'd recommend giving them your money and investing with them rather than the other way around.

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