Would love to hear others experiences/opinions on working on REI deals with family members.I'm inclined to fund her purchase because it means *much* less money upfront and quicker entry into REI -- the income is an added bonus, but for my first purchase, the learning experience is my primary motive.

You could put less (and buy more) and achieve your goal quicker.

Ideally (and in future), what you want to see is that after rehab, your Lender's appraisal would come in at say $130k (for this example), so that when you come to Refinance 70% of ARV (per the "BRRRR strategy"), you'd get back all your initial deposit and rehab cost, which would enable you to scale your buys much quicker than having to save your own $20k every time you want to buy.

Maybe even sweeten the terms (quicker payoff, etc).  

I worked on it around work and family obligations so you could finish a lot quicker if you chose to. 

Now that we have that out of the way we are now going to look for some more investment properties to potentially buy through a bank while using all rental money to pay it off quicker. 

I understand your frustration and after reading the communication between you and our Property Manager it seemed you all were in agreement And moving toward a resolution, which is why I was stunned by this post. 


We ended up having 3 buyers interested in moving on it with one that was a little quicker to sign than the others.

Which opportunity allows you to reach your goals quicker?

@Sharon TzibThere may be a quicker route but this is how I found it:1.