You could arrange payments with them (eg $1K a month for the next year with interest).

I aim to make win-win arrangements for both buyer and seller.

For example, we might arrange a shorter penalty period or reduced fees if you expect to exit the property within a specific timeframe.Ultimately, the key is aligning your financing terms with your exit strategy.

Therefore, I prioritize pre-screening applicants to ensure they meet the qualifications before arranging a showing. 

We had 20 high net worth investors who placed equity and debt with us with a profit splitting arrangement.

The arrangement works out fantastically, as all parties can now do what they're best at, and while we are separate entities, our services are integrated.  

.- KarlHi Karl, see if you can work out a temporary payment plan or partial rent arrangement.

.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?

I just started on the path to becoming an MLO in the state of Texas (and possibly other states). I was looking into getting a sponsor, but what pretty lost trying to find a sponsor on Google. I ran across a platform c...

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.