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Updated over 11 years ago,

User Stats

14
Posts
1
Votes
Xavier Strong
  • Involved In Real Estate
  • Stone Mountain, GA
1
Votes |
14
Posts

Financing as a Partnership

Xavier Strong
  • Involved In Real Estate
  • Stone Mountain, GA
Posted

Hello everyone. Some years back me and six other of my closes friend began contributing money into a bank account. We have enough to cover a 20% down payment but that's all. We recently structured our group as a business. My question to y'all is: with 3 of our members their willing to act on behalf of the business and apply for personal loans & mortgages if one is approved how can we take that loan or mortgage and use it under the business? Is this possible?

Open to ideas.

Thanks.

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