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Updated almost 9 years ago on . Most recent reply

User Stats

21
Posts
1
Votes
Adam Shindler
  • Rental Property Investor
  • Detroit, MI
1
Votes |
21
Posts

Partnership Advise

Adam Shindler
  • Rental Property Investor
  • Detroit, MI
Posted

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!

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