All Forum Posts by: Aaron Rowzee

I'm new here, but this story (although I know its 1 in a million) really encourages me to get out there and look. Deals obviously can be found, and the financing can be worked out. Multi-family intimidates me at this point, but I know I'll get there. So happy for you!

Hello BP! A newbie here from the Golden Triangle. I've been lurking for a few weeks and decided to sign up and do a few webinars. Looking forward to learning and networking in my area. I am currently in the IT field and my wife is self employed. We have a shaved ice stand in Lumberton, and we're both very entrepreneurial so we're always looking for the next thing to get our hands in. We happen to stumble upon the idea of REI through friends of ours who own 3 rent houses in the area and the more we investigated the possibility, the more acquaintances we found that do it, and the more we saw that it felt our lifestyle and life goals (to be financially independent and able to do missions work).

So here I am, trying to consume all of this great info, and get familiar with this huge community. Its a bit overwhelming!

Thanks, guys for the help. The investors wouldn't be partners to simplify the investment. They would be lending me money personally and earning interest through monthly payments until the maturity of the loan when it would then be paid in full. There would be a promissory note involved. What document would I need to provide them at the end of the year for tax purposes?

Good afternoon, folks. First time poster here trying to figure it all out before I jump into the pond. I have a few buy-and-hold prospects with good leasing margins, but I don't have the 15-20% down for a mortgage on them. I'm currently raising private funds, but am confused on how I would keep all of these loans organized. Do you treat all private money like a pool to reinvest, or does each one need to be kept up with independently? The best I can come up with is to treat them as a group according to the property they were originally raised for.

The answer maybe much more simple but I'm having a hard time visualizing creative lending.