I did not have the money at the time.

Money has been returned to our CC but we have not heard from them yet today. 

Hi Nick,How much money do you have to save up? 

I don't think this will be a total deal breaker, but definitely not the money maker I was anticipating.Great information on this thread, any other thoughts?  

We see this type of situation a lot with REIs and I've experienced this myself as an REI.Keep personal personal and business business as far as entities, ownership of assets, and financial accounts go. 

it has seven offices that can be used as bedrooms if a person wanted to make it a Boarding house, a pad split, or something of that nature.

I thought I'd squirrel some money away in case of a big ticket item like water heater, roof, etc. 

You've earned $132,000 more by splitting your money and leveraging it.

But there was a catch—they insisted on using a hard money lender.

3) There may be personal use of the property which would mean that you or your partner may not get tax benefits for the share of the unit where you are living in.For a successful partnership, the total partnership should have Experience, Money, Time.What skill set are you bringing and what is your partner bringing?