I can't think of anything safer than a savings account.

This of course does not take into account timeframes for waiting on city permits, plan check, inspections, etc.

@Aaron Hearne , your $10k auto loan will show up on your credit report (and you'll have $10,000 cash in your accounts) when you apply for a $40,000 loan on a $50,000 property.

I've read about self directed IRAs (just learned about them) and I am also totally cool with gutting my accounts.

Also consider an HSA health savings account and if when kids come into the picture an ESA.

Depending on how much income you're making from your rental you might want to think about making estimated payments to the IRS too to avoid underpayment penalties.You'll want to keep good records and find an accountant familiar with 179 expense, depreciation recapture, and timing of your property tax payments.

However I am incredibly driven and I have the time that he lacks to acquire and manage these properties if need be.Now regardless of whether we are friends I am going to assume a contract will be the best way to go to maintain our roles and be held accountable for our part in the business.

Account Closed Before you do your networking be sure you got your real estate goals and elevator pitch ready.

About 90% occupied currently.Price: 550KMonthly/Annual: 8100/97kNet Operating Income: 49kLet me know if i am not including any information!

Currently he only needs funding to help cover the rehab completion.Here's a summary of the dealARV: $315k (I've verified that this is in the ballpark +/- 10k)Purchase Price: $130kRepairs to date: $32kAdd'l rehab estimate: $25k << my pieceProposed terms from my colleague:I am offering 13% annual on a 12 month note with a guarantee of minimum 10% return.