Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply

Any sort of way to guarantee a loan without being on it?
Hello,
I am in a position where my Dad would potentially be willing to let me use some of his reserves as "backup" as you might say as I invest in properties since I am not cash heavy.
I can pay for the deal to make it work, however my DTI might be a little high warding off the underwriter.
Is there a way on loans to put some sort of contingency on the loan like, if I default that he will be liable without having the loan show up on his credit?
Thanks!