All Forum Posts by: James Petzel

I have a good friend who is self employed and has had a strong business for many years. He's run into a rough patch because of business/economic reasons largely out of his control. I do believe that his business will slowly ramp up again within 12-24 months max(but you never know for sure). He's very trustworthy and a good businessman. I'm looking for a way to help him keep a beautiful home with minimal risk to either of us, but hopefully also make a small return in the process.

TLDR version: $1M property value, approx 15-20% equity. Currently paying an interest only loan and won't be able to afford the monthly payments for the short term future because of business/economic conditions. I'm looking for a way to keep him in his current loan/home, help him to make the payments(perhaps for some % of equity or similar deal) and later have the flexibilty to either have him buy me out or I buy him out. Not sure how this deal would be structured....Any ideas? 

Thanks in advance!

Hey guys, I'm new here and live in Orange County CA. The only 2 deals I have done are properties that I bought as primary residences. Because I was lucky enough to be in the market in the Great Recession I got good deals and they have appreciated fairly well. 

Now that I have a little bit of spare change from my small business I would like to try my hand at a few rental properties, but SoCal is too expensive for me. If I get into this I will most likely have to invest out of state. I signed up here to get ready to connect and gain some knowledge before taking the leap.