Rental Property Investor · Chicago Suburbs, IL · Member since 2021 · 72 posts · 54 votes
I have been invited to JV on an investment property using a DSCR loan, but I don't have enough cash on hand. Can I borrow money for the down payment and use it for the JV? If so, how would I need to structure the JV agreement? I have never worked with someone else on an investment property before.
To clarify: the scenario is a buy and hold residential rental property, no plans to pull money out of it.
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y
You need to disclose this with your JV partner. An ideal scenario would be to bring a private money lender, or someone who is not going to put a lien on the property and interfere with your JV agreement.