Creative Investing (Other peoples money)

Hello fellow BP Members,

I wanted to share me and my business partners financing for many of our deals.  We currently have built our investment business to 20 unit in 2 years.  Our first few deal were with our own money. 

We then started using other peoples money for our down payment (Ex: 100k property, borrow 20K from a private investor).  I have always wondered how we could buy a property with no money out of pocket. When meeting with our lender we asked if our down payment could come from someone else....and she said YES!  

Instantly I reached our to close family and friends.  Fast forward to today - and we literally have people lined up to give us money (20%) for the down payment of our properties.  

We pay short term returns of 8-10%. Most of our deal are 3 years at 10%.  Every deal we analyze factors in our regular expenses plus or investor payments.  While our cash flow is not as great early on, we know after 3 years our cash flow will GREATLY increase after investors are paid off.  

I would love to share our strategies with fellow BP members.  Feel free to ask questions.  

I am looking forward to hear and learn from other BP member. 

Thanks, 

Jamin