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.

You can find more information on the website at NoradaCapital.com or you can contact one of the Investment Counselors for more detailed information.Continued success, Marco SantarelliNorada Capital Management Norada Real Estate Investments(800) 611-3060NoradaCapital.comNoradaRealEstate.comSubscribe to our Podcast Your Premier Source for Turnkey Cash-Flow Investment PropertyWe are proud to be a two-time Inc. 5000 listed company.

Hello BiggerPockets, I'm going to start a thread that details my investment journey with Doorvest (https://doorvest.com) .

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Feel free to connect for a more detailed explanation.Best of luck.

If you haven’t already, consider learning underwriting software or creating a detailed spreadsheet model to speed up your analysis and make apples-to-apples comparisons across deals.Third, as you’re building your team, focus on finding partners who align with your goals and strengths.

Yes, I think the name looms large, but that's why I gave the five traits which explain it in pretty good detail and go to what you are saying as well.

Available but not on demand.The Lowballer: Initially quotes a very low price but may later demand significant cost overruns.Be wary of contractors who become defensive when you ask detailed questions.Happy hunting!

I would pay one of them to review the full details of the transaction and give you a road map of how to proceed before going any further.

Trusting a GC can work if you thoroughly vet them, use a detailed contract with clear milestones, and establish systems for accountability.