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Updated over 7 years ago on . Most recent reply

User Stats

17
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3
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Mikki McIntyre
  • Investor
  • Sewell, NJ
3
Votes |
17
Posts

Need Advice for leveraging private money

Mikki McIntyre
  • Investor
  • Sewell, NJ
Posted

I've recently cut ties with my equity partner (50/50) in flipping houses and want to do it on my own. I have a few family members that are willing to lend me a few hundred thousand dollars (for about 10% ROI). However, that will go pretty quick in one or two deals. My long term goal is get more buy and hold investments, but need to flip some houses as well to generate more capital. I have some cash of my own and about 200k in equity in some other rentals I own. How can I leverage all of this to create the most profitable investment strategy for growing my real estate portfolio. I guess I need some advice from seasoned investors or Private money lenders, etc. Thanks in advance

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