Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

8
Posts
3
Votes
Javier Melendez
  • Fort Lauderdale, FL
3
Votes |
8
Posts

Someone wants to use my Credit to purchase an investment property

Javier Melendez
  • Fort Lauderdale, FL
Posted

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!!

Loading replies...