Updated over 6 years ago on . Most recent reply
Close friend wants to partner up to buy a duplex
My buddy and I would like to buy a duplex and our question is, could we each get a personal loan for 30k, let it sit in our accounts for 30 days and then use the combined funds to purchase said property out right? Property is 50k. Rent is $1540.
Most Popular Reply
If you are going to by all cash, not sure you need to 'season' the funds. That is some serious cash flow--congratulations! Find more of the same and you and your buddy have a great retirement income!