Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Looking to buy first rental house with cash, need advice.
I have a family member that is willing to fund the purchase of my first rental house with cash. They basically want to help me get started and are not looking for a return, just their original investment back. What would the best pay back structure be for this? Would it be better to take any positive cash flow and put towards paying them off faster or saving the cash flow for a second unit? With my situation, what would be the best way to go from one unit to two units and etc? I would like to take advantage of the opportunity and acquire multiple units when possible. Thank you for any adivice!