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Updated over 7 years ago,

Ben Volkman's profile image
Ben Volkman's profile image
Ben Volkman
  • from Houston, Texas
  • Member since Sep 6, 2016
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User Stats

40
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16
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Ben Volkman's profile image
Ben Volkman's profile image
Ben Volkman
  • from Houston, Texas
  • Member since Sep 6, 2016
Connect
Ben Volkman
  • Houston, TX
16
Votes |
40
Posts
Buying & Selling Real Estate

Question on sending money for deals

Ben Volkman
  • Houston, TX
Posted

Currently attempting to get 4 family members to helps us purchase a house.  4 people, each contributing 30k.  120k cash sale, we will then rehab and cash out refi in 6 months.  This would be a loan with interest paid back in 6 months.

How do they transfer me the money?  Are there any legal issues I may run in to or issues with a cash out refi in 6 months?

Thank you in advance!

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