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Updated about 4 years ago, 12/02/2020

User Stats

39
Posts
22
Votes
Patrick Giblin
Pro Member
  • Rental Property Investor
  • Burlington, Vt
22
Votes |
39
Posts

Structuring A Partnership

Patrick Giblin
Pro Member
  • Rental Property Investor
  • Burlington, Vt
Posted

In discussions about a potential partnership and researching best options for both of us. Someone has brought me a deal and they need funds for down payment and potentially my higher credit score to secure a better rate. So my question is, how do we divide risk vs. money here? This potential partner suggested loan in my name, deed in her name and then them having a lease or rent agreement to pay me. However that seems like I'd be taking on both the overall risk and financial risk if something were to happen. Not sure if I'd feel comfortable wiring money to a personal account, and bank already knows this persons financials and the funds if in this person's account from me would have no seasoning period...Any thoughts?? 

  • Patrick Giblin
  • Loading replies...