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Updated over 7 years ago,
Way to pay back lenders
Hi!
I'm thinking about investing in rental properties in Las Vegas. My brother is going to start off as my lender since this is my first time (lending around 20-40K). However, he is requiring a $700 income stream which is also my requirement that I was looking for. I was thinking that we could find a home that profits $1400 so that we can split. Even if I find a home that generates $1400 (which might not be possible), I will also have to factor in paying him back. Then I thought that I could purchase 2 properties in order to generate more cash flow for the both of us.
How would I pay him back and generate cash flow for the both of us?
Help!
Thanks!