Hey guys, I'm new to this forum and 23 years old. I've been thinking about investing in real estate recently and I've just received an opportunity to become a capital investor in buying a new rental house as early as next week. The catch is, the three people offering this opportunity are three of my best friends (and the same age as me fwiw). They have been purchasing real estate to rent together for around 2 years now. My buddy made me an offer earlier this morning to be a capital investor on their next project. We will be meeting tomorrow morning for breakfast to discuss specifics and I will post again when I know details but I wanted to ask everyone on the forum their opinion. The offer thus far was an 8% return on whatever capital i invest. The capital that I invest along with the 8% interest would be returned in one year. I dont necessarily want to only act as a bank for my friends by just lending them money. There are obviously some major cons with that scenario. I trust the three of the them, they are very professional people but there is of course always a chance of something going wrong and the three of them not being able to pay me back in a year. I worry about being a straight lender to three of my friends for this reason. What should I propose tomorrow when I meet my friend for breakfast to discuss this? Do you think it's a good idea?
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