AskBP

#AskBP 031: How Can I Successfully Borrow Money From Family or Friends?

Expertise: Landlording & Rental Properties, Personal Development, Real Estate News & Commentary, Business Management, Flipping Houses, Mortgages & Creative Financing, Real Estate Deal Analysis & Advice, Real Estate Wholesaling, Personal Finance, Real Estate Marketing, AskBP, Real Estate Investing Basics
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How Can I Successfully Borrow Money From Family or Friends?

Using other people’s money is a common strategy when investing in real estate. But what if those “other people” are your family or friends? How do you grow your real estate business while still maintaining great relationships? Here’s how…

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Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He is a nationally recognized leader in the real estate education space and has tau...
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    Douglass Belt Investor from Madison, Wisconsin
    Replied over 5 years ago
    Great quick podcast and this subject has been on my mind lately. Brandon, you mentioned to have a professional way about asking for money from friends and family. Do you know of a template business plan or loan proposal template I could use when presenting the investment opportunity to my family member? I need to have this as professional as possible so they understand I am serious and committed. Again great podcast!
    Yasmine Bisumber Realtor/Investor from Miramar, FL
    Replied over 5 years ago
    Thanks for sharing, I don’t have this option…I am actually the one who will be “breaking the cycle” so to speak. or at least what I am really trying my very best to do.