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Updated about 5 years ago,
How to get a loan in order to flip a home for the first time
I have recently got a business partner him and I would like to flip a house together. My credit is not too good he will have to get the mortgage in his name and I would supply part of the down payment my first question is is there a contract that I can make that would guarantee my profits for the home once the house sells. My second question is what mortgage is the best if we only want to hold the home for 2 to 3 months in order to rehab and put a maximum of 20% down ideally we would like some sort of traditional loan that would allow us to do this.