Private Lending

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Tina Wicks
  • Investor
  • Columbus, OH
31
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34
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Financing with Friends

Tina Wicks
  • Investor
  • Columbus, OH
Posted Nov 28 2022, 07:35

My husband and I have some success in becoming buy and hold investors.  We have 20 units and are cashflowing rather well.  We have done this by ourselves for the past 3 years.  But as we tell friends about our journey, they are interested in what we do and some have offered to give us money and "Go invest it for me".  I feel really strange about this.  It's one thing to invest with our money but and am uneasy about using a friend's money.  Especially when they know nothing about this.  

Should I pursue these requests?  Any suggestions on how to handle these conversations so that they know this is long term?  Any specific  topics to cover in setting up a partnership?

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