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Updated almost 12 years ago on . Most recent reply

User Stats

147
Posts
9
Votes
Shawn S.
  • Rental Property Investor
  • Kansas City MO
9
Votes |
147
Posts

30K Loan One Year Term?

Shawn S.
  • Rental Property Investor
  • Kansas City MO
Posted

So a college buddy knows we are investing in buy and hold properties. He has 30K he wants to invest with us. But he wants it back after 1 year. Since we don't do any flipping, can you see any way we can make a loan like that work? I would have no problem doing it over a 3 year period, but I'm scratching my head on this one. We have several properties we are looking at and would be using this money for down payments on likely 2 of them.

Thanks

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