Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago on . Most recent reply

Do I need to borrow from accredited investors only for a flip?
Hi Folks,
Not sure if this question is appropriate here. ( Mods - Please note!). Let me know otherwise.
I am looking to ask a loan from an individual or group of people with specific %age per annum return to them. I will be using this amount to buy/rehab property, which I would flip and plan to return the money with specified interest rate. I may have notarized promissory note and any documents to do this legally.
However, Is it legal to take loan from individuals or group of known people to buy and rehab properties? Should I only take it from accredited investors?
Appreciate your inputs/advice.
Thanks.