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Registered
Join Date: Nov 2003
Location: South West Florida
Posts: 2,527
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As someone who lives off his investments, I would expect more than a 4% return on loaning money on a rent house. Is grandma basically going to be your banker, or is she also actually getting equity in the deal. Cant you use the equity in the other projects to finance the new ones?
I agree that your best bet would be with starting out with your family. I would loan my kids money at 4% if I thought that it would help them out and I thought that the deal would work out. But I know them and in the end they are going to end up with my money anyway.
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2000 Boxster S (gone)
1972 911s Targa (sold)
1971 911t coupe roller (sold)
1973 911t coupe / 3.2 (sold)
Gruppe B #057
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