LV Multfamily deal. HELP!

[Frank L.]

Hi biggerpockets members!

I have a problem on my hand.. need advice!

I'm looking at a multplex in N. Las Vegas to purchase and it's cashflowing. 75% occupied with 25% vacant. I have enough for a downpayment and put everything on a traditional loan with a bank.

The problem that I am having trouble is that I work with a partner and came up with that we use his name for the loan where I am financing it (due to bad credit on my end). Because we had learned about this issue recently, and while wiring money to my partner's account..

The loan agent said that we have to wait 2 months (60 days) in his account because we have to make it like the money that I am wiring isn't a gift from me to my partner. It has to look like he earn the funds.. Any of you had that problem?

Now, to sum it up.. I would like any advice on what I should do. Any good way around this 2 months wait?

Note: the property itself, is available and If I do wait the 2 months. If there's no way around it; I'm afraid that I might lose it. I know that I shouldn't get emotionally attached to the property but I'm fairly new to REI. I want to get to the point where I can make that cash offer and see the financials to get that decision for my self.

THANKS