Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
William P Engels
  • Specialist
  • Wichita, KS
0
Votes |
6
Posts

I’m nervous to bring investment business plan to family members.

William P Engels
  • Specialist
  • Wichita, KS
Posted

I know a few family members would possibly want to get involved. But I feel terrible and weird to go to them to seek investment. How do I get over this?

Most Popular Reply

User Stats

4,991
Posts
13,185
Votes
Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
13,185
Votes |
4,991
Posts
Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

Then don't do it.  There can be serious consequences (losing more than just money) of investing with family and, if it's not obvious and organic, then I would suggest that it's risky for both parties.

IMO, if you want to invest with family, the best way is to invest on your own first, establish a track record, and then they come to you.  Frankly, that is the best way to attract private investors regardless of who they are.  Good luck.

Loading replies...