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.

Calling this cash flow is correct, but also causes confusion when you shift to a tax discussion.

What have you discussed with them? 

I was careful to use the word TURNKEY when discussing these low price point investments.  

Hi, I’m having difficulty finding a company to lend on vacant land in California. The property is undeveloped, and I’m in need of a loan to proceed. Could you advise where investors typically secure financing for simi...

I list on both platforms and have 3 properties at 100% during prime season. no point in further discussion. you seem dug in that your opinion is the only one correct. good luck. 

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

This is a great discussion!

However, I'd recommend discussing this with a knowledgeable mortgage broker to confirm the specfic terms based on your lender's guidelines.I once worked with a client who had a similar idea in San Diego.

I'm actually not sure who said it doesn't have access nor when this information was even obtained.