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Updated 7 months ago,

User Stats

7
Posts
1
Votes
Sam Schlosser
Pro Member
1
Votes |
7
Posts

Investing in a friends deal

Sam Schlosser
Pro Member
Posted

Hello,

A close friend of mine has acquired a property and construction financing to renovate. He has asked me to come on as a 50% partner. I am struggling to think of how to do this at this point. His name is on the construction loan and it is secured as well as the cash to purchase the property came from a heloc from his personal residence. 

I am just wondering if anyone has been in this situation before, and has found a good way to get my money in and get my money out.

Any advice is good advice.

  • Sam Schlosser
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