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Updated over 6 years ago on . Most recent reply

Jason Xue's profile image
Jason Xue's profile image
Jason Xue
  • from Chicago, Illinois
  • Member since Aug 28, 2014
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Jason Xue's profile image
Jason Xue's profile image
Jason Xue
  • from Chicago, Illinois
  • Member since Aug 28, 2014
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Jason Xue
  • Chicago, IL
13
Votes |
55
Posts
Creative Real Estate Financing

Borrowing from Family/Friends

Jason Xue
  • Chicago, IL
Posted

I'm considering borrowing money from my family to use for a portion of my down payment on a rental property. Any advice on how to navigate the conversation and also agreeing on terms?

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Omar Khan's profile image
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Omar Khan
  • Rental Property Investor
  • from Dallas, TX
  • Member since Feb 23, 2017
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Omar Khan's profile image
Omar Khan's profile image
Omar Khan
  • Rental Property Investor
  • from Dallas, TX
  • Member since Feb 23, 2017
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Omar Khan
  • Rental Property Investor
  • Dallas, TX
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Omar Khan
  • Rental Property Investor
  • Dallas, TX
Replied

@Jason Xue The short answer is: don't. There are tons of financing option available that will not cause awkwardness, possible severance in a relationship and awkward conversations during the holidays. 

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