I have cash wife has the credit. Need Help

[James Clark]

Question. I'm looking to buy a investment property, can i use my wife's credit and if so should we have a LLC?

Right now I flip houses with a financial partner. I do the work and he finances it and we split profit. On a buy and hold deal it would really does not work for the long run. He is welling to do a lease deal for 24 months, but i kind a want to buy him out on some of the houses right away to hold. Wife has great credit but she is just stay home mom and I make all the Money but my credit is in the low 6. How should I structure a deal with my wife's credit?

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Quote from @James Clark:

Question. I'm looking to buy a investment property, can i use my wife's credit and if so should we have a LLC?

Right now I flip houses with a financial partner. I do the work and he finances it and we split profit. On a buy and hold deal it would really does not work for the long run. He is welling to do a lease deal for 24 months, but i kind a want to buy him out on some of the houses right away to hold. Wife has great credit but she is just stay home mom and I make all the Money but my credit is in the low 6. How should I structure a deal with my wife's credit?

Never say "but she is just (a) stay home mom" if you want your dinner warm and your bed hot. She is a precious resource. My wife of 43 years "stayed home" (she had been designing Nordstrom Stores before we married) and she raised our most excellent children along with me. She is the sun in my sky.
 
So, that being said, her credit was perfect but no income to show. My income was princely but my credit sucked. So, we invented creative financing in the mid 1990's. Aw, I didn't actually "invent" creative financing but no one I knew was doing it. I had to learn it as I went along. That means taking chances.

So, I took over people's loans, rehabbed the houses and sold the properties. No credit needed. Knowledge needed, well yes, skill needed, yeah that too, guts & determination, most decidedly. Action needed? Absolutely. Today's investors don't get that is work or it is fun, depending on your perspective. ;-)