I want to first say thank you to everyone on this board for ur advice. It has helped me gather my thoughts and continue my planning for re-entry into RE investing. After talking with Equity firms and private investors, I have come across a private investor I had not though of. A relative. My grandfather. He informed me that he had over $200k in retirment investment money he recently cashed out and at the age of 95 he stated “he’s not afraid to risk some of it to help me out”.
We spoke about it briefly and he mentioned the max he could give me for investing is $100k. That almost made me fall off my chair. No intrest, no points, no set pay back schedule. So now I have a few options to consider:
I have a good business relationship with an investor I’ve nkow for 9 years who buys multi’s and store fronts and is always looking for capital to keep moving forward. I am considering approaching him about partnering on a few of his deals for a 10-12% return on my money.
Partner with the rehabber who got me into the business, do fix and flips with him, however, his model was fix, refi and rent, I wonder if I can get him to follow my fix and sell model instead? Teaching old dogs new tricks. How hard would that be?
Buy notes at a discount. I have only done this once before but things went well with me earning 15% on the money I invested on the note. Tax leins I have studied also however I have never purchased one due to the fact that it will not superceed a 1st mortgage or chapter 13 which is very risky.
I’m open to suggestions and opinions to consider from the very knowledegable memebers of this board.
Happy Superbowl Sunday