Best way to structure partnership - Cash/Credit

[Aditya P.]

Hi everyone,

I am curious. I've seen few people mention that if you can't qualify for traditional financing, you can look to partner up with someone that will put his/her credit on the line. I can come up with 20-25% down payment, but my problem is that I'm not qualifying for loans due to my lack of job history (less than 2 years). Hypothetically, If I were to put down the money and use someone else (trustworthy) for their credit in respect to buy and hold or rehab, how do you guys structure this type of partnership? Are you responsible for all of the liabilities and cash flow is split 50-50?

I would love to hear how some people do these deals personally.