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Updated over 8 years ago on . Most recent reply
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My brother has the credit, I have the money
Good afternoon everyone,
I'm currently faced with an obstacle. I'm looking to do my first buy and hold but have zero credit, but I have money set aside to put down for an FHA loan. So, I asked my brother if he would like to do a deal together, combining his great credit with my capital and we somehow split the profits with this buy and hold. He's in.
My question is, how can we make this happen?
FHA requires an income, something I don't currently have, since I'm moving across the country anyway. I was told there's always a way to get started and not to give up. I'm stuck and in need of answers.