All Forum Posts by: Lavall Brown

@Doug Pintarch Good luck and thank you for the advice.

@Pat L. Let me guess, you?

@Jeff Copeland thank you for answering my questions. I now have a better understanding and direction. Initially, I was thinking with a mom and pop mentality, but now I understand how to professionally structure funding from family and friends and make it legit. My next search is for a real estate attorney.

Thank you, Jeff!

@Doug Pintarch Amazing!!!! I guess the real barriers I need to overcome is fear and locating a solid real-estate lawyer. I’ve avoided this very moment for so long, but I guess it’s time to dive in. Thank you for the advice, Doug!

@Jeff Copeland thank you for providing feedback. I appreciate that you provide a detail example that’s easy to understand with numbers that make sense. Now let’s say I don’t have one aunt sally with 100k, but multiple aunt Sallys with 5k to 10k?

@Eric Lau I too lived by that motto. I’ve never asked my friends, fiancé, parents, or extended family to borrow money, but now that I’m growing my business at snails pace I figured a cash infusion could help spark growth.

Thank you,

@Doug Pintarch I hear ya! Doug I’m concerned because I don’t know the proper repayment structure. Do you suggest having the conversation outright an creating solid terms?

Hello BP

I am a novice investor with three duplexes in St. Louis, MO. I acquired my properties by house hacking FHA loans. Now that I am no longer single the option to house hack is no more and I would like to scale my business by acquiring more properties at a faster rate.

I would love to source funds from friends and family, but I am hesitant because I do not have a efficient way to repay them in a timely manner.

I am looking to build wealth through the buy and hold method. I’ve listened to the BP podcast and the guest are open about how they received funds, but never mention how they paid them back.

Thank you in advance for any help you can provide.

Hello BP,

I am a novice investor with three duplexes in St. Louis, MO. I acquired my properties by house hacking FHA loans. Now that I am no longer single the option to house hack is no more and I would like to scale my business by acquiring more properties at a faster rate.

I would love to source funds from friends and family, but I am hesitant because I do not have a efficient way to repay them in a timely manner.

I am looking to build wealth through the buy and hold method. I’ve listened to the BP podcast and the guest are open about how they received funds, but never mention how they paid them back.

Thank you in advance for any help you can provide.