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Updated almost 6 years ago on . Most recent reply

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11
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Aletha Brown
  • Rental Property Investor
  • Aurora, IL
0
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11
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What should my pitch be to my investor?

Aletha Brown
  • Rental Property Investor
  • Aurora, IL
Posted

I have someone who agreed to gift me the down payment for my first purchase (Multi-family and I will be occupying). But after discussing with him about pulling from his investment account (401K), I’m not convinced that he’s comfortable with that strategy. He hasn’t backed out and I want to make sure he doesn’t. What should my second pitch be to him? How do I get him completely on board? What’s a good repayment plan method? I suggested paying back plus interest as well as any potential penalties for withdrawing. He can’t hack with me because he lives in another state, wife and kids, and works about 60-70 hours a week. I need to sell this to him!

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