Methods for Rounding Up and Paying Off Investors

[John Blythe]

hi, everyone.

i've done one property thus far. we used hard money to get into a deal and employed the BRRR strategy.

for the next property i'm unsure we'll have enough capital on hand to do a repeat—much of it is tied up in the previous deal that had lots of learning we ended up paying for. as such, i'm attempting to get creative with financing instead of simply waiting on the sidelines.

i'd love to hear from people who have raised small funds from friends, family, or even strangers. what sort of terms did you use? i've seen several homes that could be great to grab up while some investors are offloading them. already rented out, in up-and-coming areas, the works. is it foolish to forego much initial cashflow in order to give investors a quicker turnaround on their repayment?

this approach is all new to me so i'm tossing out a lifeline here. will continue to search for reading material in the meantime so i can bring more information to bear on the discussion as it grows.

thanks for any thoughts, tips, et. al.

best-