Capital Raised now what?

[Donnie Mendell]

I have, probably a newbie question. I have done my work and raised the capital needed for a purchase from a private investor and found a deal. My question is how do I proceed with the PPM? I assume I need that before I receive any capital and do banks typically want to see proof of funds before finalizing the deal?

The other option on the table is a partnership which involves him with his financials to the bank and probably having ties as a guarantor on the mortgage which honestly he probably doesn't mind. In this scenario its the exit strategy which I suppose could be disclosed with proper paperwork. Is the ppm the best bet here or is it 50/50 if we structure it properly?