Best Way to Passively Fund Rental Deals

Best Way to Passively Fund Rental Deals

Member since 2020 · 18 posts · 7 votes

After a year of real estate research, trying to find deals, almost closing on a deal, trying to find anyone (realtors, hard money lenders, contractors, etc) that want to work with a newbie, all while trying to keep up with my full time job and family of 6, I think I'm moving on.  .  My main goal with real estate was to retire early (10-15 years from now), and to have steady rental income as a substantial party of my retirement. I have a good job and a good chunk of money that I had saved up to put into real estate.  So, at this point I'm considering doing turnkeys or just sticking to the stock market, but am wondering if there is way way to to find and finance people or groups that are already successfully BRRRRing or doing vacation rentals?  So, my primary contribution would mostly be the funding, otherwise would be fairly passive.   I would love any advise that anybody could give! I've looked into providing hard money lending, but I don't think it fit's into my retirement or tax strategy the way owning rentals does, and I don't quite make enough to qualify and get into syndications. Also, is there a better forum category to post this question in??

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  • Investor · Marin County California · Member since 2018 · 1k+ posts · 2k+ votes
    5y

    Many fix and flip specialists are constantly looking for private money to fund their deals and repairs.  You may want to speak with some real estate agents/professionals in your specific area as they might have useful leads for you.   

  • Kenneth GarrettPro Member
    Investor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes
    5y

    @Kyle Nield

    Your looking at being a private lender. There are many opportunities for private lenders. You need to be able to analyze deals to insure it is a good investment for you. Equally you need to vet the investor to make sure they can execute the plan (flip, brrrr, etc). You can contact and attend local REIA groups and meetups to connect with people who are looking for private lenders. You will have no problem finding people either locally or here on BP. Make sure you have an attorney review the documents to protect you.

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