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Updated almost 6 years ago on .

User Stats

43
Posts
13
Votes
Greg Gangle
  • Rental Property Investor
  • London, ON
13
Votes |
43
Posts

Advice on using Other Peoples Money

Greg Gangle
  • Rental Property Investor
  • London, ON
Posted

Hi Everyone

I have a question/looking for advice.

I came across a property I liked so I messaged my agent. She tells me her niece has a conditional offer on the place but is struggling with financing.

Her credit is good but she’s on contract and good a leave from work last year due to taking care of her ill father.

She has more than enough for the downpayment and closing costs.

Obviously she needs me for my credit history etc.

My question is “What is the best way to make this deal proper for both of us”?

She’s planning to live in the house with her son.

Any recommendations would be great.

Thanks

Greg