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Updated about 9 years ago on . Most recent reply

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Josh Christians
  • Siloam Springs, AR
0
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5
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What direction would YOU go??

Josh Christians
  • Siloam Springs, AR
Posted

Hello! 

I have a pretty unique situation.

I have a family member who wants to help me with my real estate pursuit/dreams to financial freedom. They are willing to loan me $ interest free and not have to start making payments for a couple of years to repay that loan from them. I know, wowza! :)

They didn't give me a specific amount I could borrow, they just told me that I could present to them a "plan" and for that plan to make sense. 

If you were in my position, what would YOU do? I know, there are a LOT of factors...if I am wanting to try and live off cash flow (which would be very hard supporting my family), keep my full time job and attempt to do on the side. Flip or rent one house at a time. etc etc etc. 

I want to keep things as simple as possible...not just go buy a bunch of houses and have borrowed a TON of $. I like the idea of being able to buy one or 2 houses (or multifamily, commercial property) at a time, paying them off, then add another...Dave Ramsey style.

Really appreciate your input!

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