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Updated almost 7 years ago,
Business plan set and contract setup
Me and a friend want to team up and do a owner occupied fha loan BRRR
Our goal is to have him buy a multi-family unit and live there and slowly repair it and bring it up to market rent.
I have enough for a deposit but he does not. I would need to gift him the money for the purchase.
Are there any avenues to protect myself to get my money back?