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Updated over 9 years ago on . Most recent reply

Account Closed
  • Delaware, OH
8
Votes |
60
Posts

Conflict of interest?

Account Closed
  • Delaware, OH
Posted
Hi all! I am currently working for a real estate investor in my hometown. I stumbled upon the position just because it is office work and that's what I have experience in- I didn't even know what the job entailed until I started. I show their rental properties/draw up leases etc. I don't think the owner and his wife have any idea what I REALLY want to be doing is flipping houses. It excites me and I have a real passion for the design of the homes. The problem is...I have no capital to get started but I'm confident I would be successful and make money. Do I approach my boss and ask if he's interested in being a private money lender? There would be more risk involved for him if a. The deal turns bad and I'm still his employee or b. I am so successful and I want to continue flipping which would ultimately lead to me leaving and pursing flipping as a full time job. So...is it worth asking or should I pursue other avenues of lending?

Most Popular Reply

User Stats

176
Posts
96
Votes
Jon A.
  • Investor
  • Near San Diego, CA
96
Votes |
176
Posts
Jon A.
  • Investor
  • Near San Diego, CA
Replied

Tell them that you're interested in flipping and ask for their input?

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