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Updated about 2 years ago,
Advise for where to invest others money
My husband & I have been in a partnership where we have brought $ into it, including ours, a few relatives and friends (they receive 9-10% monthly interest). We've purchased (rehabbed, rented, managed & some RTO). Our partner needs to cut back what's on his plate and our partnership is one of them. I don't want to manage properties, and these are all in low income area homes and am happy to sell them as partnership dissolves. As we sell the properties I would like to look at options for how to use the money (loans paid back) from our lenders while receiving profits. Separate from the partnership we have been doing rehab loans, but I'm not wanting to add all those monies into that- I would like to diversify what we do with those monies such as investing in other properties (in more stable areas) or other secured investments but need some good ideas.
Thanks for any input!