Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.

Again, thank you for being direct.  

Hi Felicia, please direct message me to get information on propertyonion.com.

Since the loan isn't directly tied to the property, I want to ensure I am shielded from that risk. 

Are you vendor direct could be a lot cheaper on countertops, and could save you money..

Just food for thought if you cannot find one in that direct vicinity. 

As part of moving out, this tenant contacted her bank and requested refund of all prior deposits and rents and Baselane obliged no question asked!!!

They have an app, scan your mail, forward mail, and will even deposit checks (forward/mail to your bank).

We refunded his rent and deposit. 

It gave me a passion for helping steer people in the right direction with insurance.