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Updated over 7 years ago on . Most recent reply
Father gets approved for rental property, transfers to me?
So I've found a property I want to invest in. I have the down payment, I have the credit, but I DON'T have the income- I'm an actor- it happens SO what are my options? Have my father co-sign? co-borrow? Have my father take out the loan entirely and then somehow transfer it to me? Maybe through a joint LLC? I'd love some creative input here.
Thanks!
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He won't be able to use your funds as down payment because its investment property. He can co-sign with you.