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Updated almost 7 years ago,

User Stats

24
Posts
14
Votes
Matt Shamus
  • Investor
  • Los Gatos, CA
14
Votes |
24
Posts

Financing rehab for property you don't own

Matt Shamus
  • Investor
  • Los Gatos, CA
Posted

Would very much appreciate your wisdom and guidance in this scenario:

A owns property in CA which needs $50k cosmetic rehab. A has no cash. B is willing to finance the rehab which will dramatically increase ARV. A and B will share the profits from the sale at COE. What are the prudently available structures for A and B to make this happen while keeping everyone safe and legally protected?

1) B is added to title as rehab begins

2) Shake hands and hope for the best

3) ...

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