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Updated over 4 years ago on . Most recent reply

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3
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Jesse Nelson
  • Rental Property Investor
  • Corinth, MS
0
Votes |
3
Posts

If you were in my shoes

Jesse Nelson
  • Rental Property Investor
  • Corinth, MS
Posted

I am a new investor and I am currently working on my second BRRRR but I would like to get some advice. I have a family member that is my private lender and he gave me VERY friendly terms(5 percent interest on the total loan and no monthly interest payments). I know I have an unheard of situation and I want to take full advantage of my situation. If you(seasoned investors) were in my shoes, what would you do to maximize the money? I would say the max loan would be 80-100k and I would need to get it back to him plus interest within 6 months. Thanks!

Most Popular Reply

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1,820
Posts
902
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Scott Wolf
  • Lender
  • Boca Raton, FL
902
Votes |
1,820
Posts
Scott Wolf
  • Lender
  • Boca Raton, FL
Replied

@Jesse Nelson, perform well, and after you pay him back, ask him to roll it into the next BRRRR you do.

  • Scott Wolf
  • Loading replies...