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Updated almost 16 years ago on . Most recent reply

User Stats

100
Posts
49
Votes
Ram Gonzales
  • Investor
  • San Antonio, TX
49
Votes |
100
Posts

Potential partner wants to use his equity to invest in my business... but....

Ram Gonzales
  • Investor
  • San Antonio, TX
Posted

Hi, I'm new here. Site looks great.

So here's my situation. Although I've dabbled in real estate for a few years now, I only just recently worked up the nerve to look for financial investors. I found someone who is interested although they would like to use the equity in their home to invest - around $50K. Problem is that they don't think they can qualify for a HELOC. They really want to do this, I just can't think of a way to make it work. Perhaps if they deed it to the LLC and I apply using my credit? Any ideas are much appreciated.

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