Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
I need some private money advice.
Hi all. I need some advice. I have been trying to get my real estate investing started and I just seem to continue to sputter. I do have one unit and that is doing fine. However, I had a private investor whom has access to plenty of money that she wants to invest to help me get my real estate off the ground. She actually brought me a couple properties that could be great for both of us. My question is, what is the best way for her to help and both of us make some money. I've thought about having her pay cash for them and I pay her like a conventional mortgage or making the down payment and having me just pay off her down payment with interest. She is 78 so a 20 year payment would not work. She is family so trust (in this case) is no problem. Anyone have some advice or ideas that are "out of the box"? I'm looking for anything that will help me and make her a little money also. Thanks in advance to any ideas.