All Forum Posts by: Kamal Tripathi

It'sy first deal ever for private funds. I have a friend who is willing to invest in a rehab property at 14% flat returns for 6 months.

question now is: how do I get his funds and return his funds back later (Avoiding legal complexity)

option 1: he can wire those funds to me and I can have bankers check at closing

option 2: he can give me a bankers check at closing.

Option 3: any other?

@Kyle Robertson great. Your story is inspiring for people li,like, me to move towards Financial Independence. Thank for sharing.

When it comes to quiting a W2 job, my only concern is health insurance. If that's taken care off, nothing else worries me. Frankly W2 job is a rat race.

@Nathan Smith first would say its a great start already. Most people at your age do not have investment on their mind.

Having said above. I am a strong believer of education. I would always suggest to take education in an industry that interests you.

Can explain wy I say so: Life depending on how you see it, Its too long or too short. More over its more about an "infinite game", it does not end in an year or two, decade or two. Neither it has any set rules for an end. Thus your definition of " lot of money" could be 1M today and 1B tomorrow, my definition could be 1M and for some unfortunate it could be 10K. It really depends. Highly suggest to quantify your success, so you can measure it. When downturn hits you in an infinite game this number you have defined and the College education you would have acquired will play the role of torch and show your the path forward.

Hope this helps. Wish you all the success and Good Luck!

@Jillian R. Wiedenmayer

Thanks Jillian. What are your plans for cabin and where?

I am personally looking Nat the same in NJ/PA area or up north in Canada.

Thanks everyone for a quick response..... considering extra cost in rehab

@James Wise

Like the way you have mentally split business with life...they are two different things

@Jermell Shavers I agree. Being kind is one thing and taken up as weak is all another ball game.

I really stive to avoid all emotional decisions. They eventually hurt you.

Thanks for your response.

I am visiting today to buy a Rehab.

It says it has 100amp. What are my choices?

What could be the other potential challenges in the house?

@Theresa Harris

Thanks. If she stops paying I hear it loud and clear. Need to become heartless.

@Matthew Paul

Thanks for your view. Appreciate it.