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

by | BiggerPockets.com

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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About Author

Brandon Turner

Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He began buying rental properties and flipping houses at age 21, discovering he didn’t need to work 40 years at a corporate job to have “the good life.” Today, with nearly 100 rental units and dozens of rehabs under his belt, he continues to invest in real estate while also showing others the power, and impact, of financial freedom. His writings have been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media. He is the author of The Book on Investing in Real Estate with No (and Low) Money Down, The Book on Rental Property Investing, and co-author of The Book on Managing Rental Properties, which he wrote alongside his wife, Heather. A life-long adventurer, Brandon (along with his wife Heather and daughter Rosie) splits his time between his home in Washington State and various destinations around the globe.

2 Comments

  1. Douglass Belt

    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!

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