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Updated over 8 years ago,
Partnership Advise
Here is where I'm at:
I have raised capital and have an excellent credit score, however, because I do not have a W-2 job or 2 years of self employment under my belt, I cannot secure a conventional loan. Portfolio lending is very difficult to lock down and a buy and hold investor, hard money is not something I am interested.
My solution has become to ask for partners, simply on paper to obtain the loans.
Here are my questions:
1. Is this a good idea?
2. How would I structure this type of partnership?
3. What would the ramifications of this type of partnership be?
Thank you!