I'm looking for what people have done to find OPM to use for investing. We have to date only used our cash and our credit to get money. How do we go about locating OPM?
I've posted ads in newspapers, ebay, craigslist, every forum website I could find. I printed up flyers and handed them out at investment groups and I handed them out to every friend and family member.
I am a hard money lender using a pool of private investments to lend cash. my first investor was my dad who had $300k in an IRA at the time (it's over $1million in just five years of lending).
@Kenneth Ortiz so are you saying he borrowed 300k from you and in 5 years he turned it into a mil ?
When did he start paying you back / pay off the amount he owe to you
Don’t the banks do it everyday? Why are you surprised?
@Carl Fischer Not surprised just wanted to make sure i didn’t misquote.