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Updated over 8 years ago, 05/03/2016

User Stats

101
Posts
32
Votes
Harry Zhou
  • Investor
  • Walnut Creek, CA
32
Votes |
101
Posts

How to use my credit/loan but business partner's downpayment?

Harry Zhou
  • Investor
  • Walnut Creek, CA
Posted

Looking for any experience / advice:

I run into a good deal but my funds will be tied up in other investments at the time. Business partner has cash and I am wondering if we can use my credit to apply for a loan but partner's cash (can be funded to me after the closing because I have enough balance in the bank) as down payment.

Has anyone done this? Where are the resistance? From the mortgage/loan or from the title company? If you can refer me to some title company and mortgage provider, that'll be great.

Property is in Indianapolis, IN

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