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All Forum Posts by: Danielle Voltner

Danielle Voltner has started 2 posts and replied 3 times.

Post: Using your boss as a hard money lender

Danielle VoltnerPosted
  • Michigan
  • Posts 3
  • Votes 0

@Theresa Harris thank you for the feedback. I know we can't always assume bc they're a decent boss they would be decent to invest with. Especially bc it's their money on the line.

Post: Using your boss as a hard money lender

Danielle VoltnerPosted
  • Michigan
  • Posts 3
  • Votes 0

My husband and I both have W-2 jobs and are looking to begin our REI journey. My brother has begun his journey thanks to BP and has been successful, and I'm a super proud big sister. We want to start investing with each and are looking for hard money lenders as opportunities arise faster. Any thoughts on investing with your boss? I understand pros and cons, but thinking maybe a good close to home pro as far as a hard money lender and him possibly being a little more relaxed with the interest he would charge us. It would be my boss I am considering asking. Thank you to all in advance.

I am going to try and keep this as short, sweet and to the point as I can. Trying to start our investment journey for future financial freedom for our future family. I will start by saying we live in Michigan and will be investing in Michigan. I want to get started house hacking a duplex while we build our future home. Here is the dilemma. My husband is not exactly on board and a little skeptical bc he thinks us getting a duplex now will effect our chances of closing on our lots and qualifying for our construction loan (we will be building our home ourselves). We have the finances ready and available (liquid savings) for closing on the lots, but not for the construction loan itself yet bc we're not quite to that point. We basically need to get creative with financing for the down payment and closing costs on the duplex to start our investment journey if it is possible. Another bit of information is that we purchased 2 side by side lots from the seller bc he gave us a better deal. After we close we plan on putting for sale by owner sign on the 2nd lot and seeing if we get any bites and using any money from the sale of that for our home. Looking for thoughts and advice please. Thank you in advance for you help everyone!