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Updated about 10 years ago on . Most recent reply
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Credit Partnering
Hello All,
I am relatively new to real estate and had a question related to Credit Partnering. I have been approached by a real estate investor (A friend whom I trust) who would like to structure a setup where he finds the property and I come in with the credit to secure a conventional loan and ability to refinance at a later point and have a buy and hold property in both our names. Is this something that is possible and if so what steps what need to be done to accomplish this? With this scenario what would be a fair split in terms of profit or percentage of money I would put down vs the investor? What would be the risks? Any input would be greatly appreciated.
Thank You