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Updated almost 2 years ago on . Most recent reply

Jillyan MacMorris's profile image
Jillyan MacMorris's profile image
Jillyan MacMorris
  • Rental Property Investor
  • from Chicago Suburbs, IL
  • Member since Feb 28, 2021
  • Posts 54
  • Votes 38
  • Experience 4 Yrs
  • Investments 1
Connect

User Stats

54
Posts
38
Votes
Jillyan MacMorris's profile image
Jillyan MacMorris's profile image
Jillyan MacMorris
  • Rental Property Investor
  • from Chicago Suburbs, IL
  • Member since Feb 28, 2021
  • Posts 54
  • Votes 38
  • Experience 4 Yrs
  • Investments 1
Connect
Jillyan MacMorris
  • Rental Property Investor
  • Chicago Suburbs, IL
38
Votes |
54
Posts
Starting Out

Can I Bring Borrowed Money into a Joint Venture Deal?

Jillyan MacMorris
  • Rental Property Investor
  • Chicago Suburbs, IL
Posted

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.

  • Jillyan MacMorris
    • Cleveland, Ohio
    0 Votes
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