All Forum Posts by: Bryan Kelly

Team:

I understand the 1% rule, however, is this really achievable in larger metropolitan areas such as LA? Also, even when looking for property in Atlanta, the best that i was coming up with was .7%, but I am still able to cash flow. I was not able to fine that 1% rule anywhere in Atlanta. With how inflated the market is right now, is everyone purchasing on a curve?

Hey everybody!

New to BP here, but not REI. I currently have an SFR in LA, 3 in Atlanta, and short term in Blue Ridge GA. All of these where procured the conventional way with my own hard earned money used as a down payment.

Now looking into the private lending strategy. I have a friend that is well off wiling to lend me how ever much I need. He like the idea of real estate as an investment, just doesn't really want to do deal with any of the nuances of real estate. What would be the best way to structure a "friend to friend" loan and what can I expect to be a fair interest rate and terms?