All Forum Posts by: Mark Abele

Some family has shown interest in financing my next deal. They even are willing to give me the money upfront to make the purchase in cash. Are there any tax implications for someone writing a check to someone else like this for a temporary unsecured loan? Or is it a moot point as long as we eventually write a note showing the property is now financed through them?

Hello Doug! I am brand new to the site from Lincoln as well. I know you posted this about 3 months ago. Made any moves yet or thought any more about making your first REI purchase?

Hello,

I am brand new to this site and excited to learn even more about REI and to even help a few others with some of my own experiences and expertise.

I have been around some form of REI my entire life and finally got involved with it much closer about 5 years ago.

Now my big challenge is finding new capital to fund deals.

Thanks for reading and I look forward to getting to know you all much better soon.