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Updated about 1 year ago,

Zachary Bellinghausen's profile image
Zachary Bellinghausen's profile image
Zachary Bellinghausen
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  • Member since Dec 18, 2017
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Zachary Bellinghausen's profile image
Zachary Bellinghausen's profile image
Zachary Bellinghausen
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  • Member since Dec 18, 2017
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Zachary Bellinghausen
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72
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130
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Private Lending & Conventional Mortgage Advice

I need help raising capital

Zachary Bellinghausen
Pro Member
Posted

A good friend of mine recently got a 10 unit in St. Petersburg, FL under contract. Seller financed and around 300k below value. GREAT DEAL! He is needing funds for the rehab and downpayment. How do you network and throw deals out there without getting in trouble with the IRS. I know lender would get second position on property for 550k at 8% interest paid monthly but I am not sure what is breaking the rules and what is safe? If it's not my deal, would it matter? 

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