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Updated about 2 years ago on . Most recent reply
Please help - I want to secure a loan to buyout my 50/50 partner
Hello BPers,
I currently am 50/50 partners in an investment in a single family residence worth ~$2 million. My partner wants to sell, but I want to buy out her portion. I do not have a lot in terms off cash reserves, and would love to be able to get a loan secured by my portion of the property to be able to buy her out right away. I am in West Los Angeles. Any help or referrals would be greatly appreciated. Thank you very much.
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Quote from @Trevor Barrett:
Hello BPers,
I currently am 50/50 partners in an investment in a single family residence worth ~$2 million. My partner wants to sell, but I want to buy out her portion. I do not have a lot in terms off cash reserves, and would love to be able to get a loan secured by my portion of the property to be able to buy her out right away. I am in West Los Angeles. Any help or referrals would be greatly appreciated. Thank you very much.
On a DSCR loan, cash out can be used as cash reserves.