I am debating taking on a personal loan to minimize my risk and go at the endeavor with a friend.

We'd like to buy a multi-family property with the proceeds, but we're not in a hurry to do so.Anyone have thoughts on minimizing depreciation recapture and capital gains taxes by doing this?

For the original loans I needed to be the guarantor so not sure if that’s still the case.3) Based on my calculations, we could go with either a 10 or 15 year term with enough cushion for expenses and minimal cash flow.

The speed definitely is not there because I’m only at the property 1-2 days a week with minimal help from family members.

After speaking with a few they range from 6% to 10% a month which adds on a large property up but my question is are they worth it or are they just collecting rent every month with minimal value add?

So just trying to minimize they office leg work.

Couple observations from the other point of view:- you’re paying top dollar for the product as they are usually the flashiest new thing in town - normally capital growth is minimal, unless the market does well overall.

The best way to get started is to house hack a multifamily property with an FHA loan which minimizes your down payment, aside from that conventional 20-25% down is what you'll be looking at.

The home is still in a high rental/ high appreciating neighbourhood so my mistakes have been minimized.

It's either free money, or its an insanely low interest loan with minimal recourse.