Updated about 11 years ago on . Most recent reply
What are my options?
Good evening all!
A dear friend of mine is willing to loan me cash as an investor (because you can't gift without heavy tax penalties I know) so that I can buy a distressed property and also have the funds to rehab it. I'd like to stay in the house for a few years so how would I pay him back? I mean can I borrow? We're talking $150k, something like that.
Thanks in advance!