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Updated almost 5 years ago on . Most recent reply

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55
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Crencenthia F Brown
  • Flipper/Rehabber
  • Durham, NC
12
Votes |
55
Posts

Asking daughter to help with investing with me

Crencenthia F Brown
  • Flipper/Rehabber
  • Durham, NC
Posted

hello all!! It’s 2am I can’t stop thinking.lol

So,I want to ask my daughter to invest in me. She’s just brought her house in March at 23. She was in the army for 5yrs and while in there she saved and saved mighty good. She’s very picky where she puts her money. I totally understand she a single mom and went through a divorce. How can I sale her this business dial? I know I have draw up contact. What I’m trying to get is a multi family 3-4 units. I can ask for down payment,using her private leader? Giving her in interest, how much should the percents be? Paying her with then 4-6months after I refinance? Any ideas. I want to go to her with every t’a cross and I dotted. Thank you

Most Popular Reply

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6,681
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7,666
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,666
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6,681
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Everything about this sounds terrible. She is a 23-year-old single mom who did five years in the military and you want to ask her to fund your investment idea? What's your experience? What is your background in real estate? Why can't you seek alternative sources rather than risking the relationship with your daughter and your grandchild? By stating how do I sell her this deal, it sounds really sketchy. This is your daughter, you shouldn't have to sell her a deal.

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