Private Money

Private Money

Hypothetical Scenario

Buy a Move in ready House for 50K and the rent allows it to be a positive cash flow. Just for the scenario, you borrowed all 50K from a family member at 5% interest. All perfectly Legal , correct?

But is this scenario Legal......

Buy a Move in ready House for 50K and the rent allows it to be a positive cash flow. For this scenario, you borrowed the 50K from 10 different friends (5K each @ 5% interest)

Is this Legal???

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Coast To Coast Property Investments