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Updated almost 8 years ago on . Most recent reply

User Stats

29
Posts
7
Votes
Rashawn Stevens
  • Real Estate Investor
  • Newport News, VA
7
Votes |
29
Posts

Need Lenders advice (Using equity partners for down payments)

Rashawn Stevens
  • Real Estate Investor
  • Newport News, VA
Posted

Hey BP, I have been reading through some of the forums and I see some mixed opinions on this subject, Here's the question: If you are trying to get a loan from a Hard Money Lender and you don't have enough money for a down payment and your credit isn't the best and you deiced to bring in a partner 50/50 partner who has the money for a down payment giving you guys skin in the game. Would a Hard money lender not approve this loan or look down upon this? 

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