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Updated almost 11 years ago,
Housing
Question - what would you say is the best way to go about this situation.
Long story short -
Me - Have cash, commission job, can't loan qualify
Partner - Has no cash, Salary Job, can qualify us for a loan.
Basically I am simply using him for his ability to get a loan.
$165,000 house. I am putting up the 10% down + closing - call it $20,000.
How would you structure this deal to ensure both sides win and are happy -- simply put, I need him to qualify us, otherwise I won't get the deal done.