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Updated over 4 years ago on . Most recent reply
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Someone wants to use my Credit to purchase an investment property
I am planning to get out of the Military early 2022. However, before then I would like to purchase two homes. One using my VA loan and the other using my wife's FHA loan. Now as of very recently I had someone approach me and ask to me to purchase an investment property using my name (Credit). I am interested because I would love to get involved in the game already but not sure what I can offer. I believe I have the upper hand here since the property would be under my name and I know I can get pre-approved based on my income and the other necessary requirements. I guess what I want to know is what I can offer.
IE: Use my credit you put the down payment/ Use my credit I put a smaller percentage down he puts the higher percentage and split all housing repairs 50/50 or Use my credit 50/50 down payment 20/80 on housing repairs.
Thank you all in advance!!