Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago on . Most recent reply

How to finance while creating a partnership with my bro
hi there,
I am looking at getting the ball rolling on my first deal. My brother in law is very eager to be involved. Here is our scenario which I will follow with a question:
I have some decent savings probably enough for a down payment on a deal.
He has more even more cash. However he is a pro basketball player in Europe, which potentially makes proving his income a bit tricky, as he gets paid in Euro etc.
How do we best find funding? Is a co-sign a viable option? Or is it best to personally buy a home to flip and simply let him pay for the remodel?
Thanks!
Most Popular Reply

Nate Sanow you could create a US based LLC in which you both purchase units.
Buy the property in the LLC for cash or get funding via a portfolio lender. Make sure you understand financing terms for the LLC.