And the split is whatever you decide on. 50/50 is what a lot of people usually do.

I deal in multiple states, and it's a nationwide thing tbh. 

The advice I would give as a lender are these few options if you both are on mortgage.

@Lulu LueHUD has 2 online databases of lenders showing which ones have the most experience with 203k's. 

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

Purchase price: $171,000 Sale price: $185,000 Contributors: Peter Vekselman Partner Driven teamed up with Nathan Ward to secure a profitable deal on Day Rd in Leoma, TN.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Attracted to 2 homes on unique wooded property.How did you find this deal and how did you negotiate it?

You definitely pay a fee, but you can get to deals quickly when first starting!

Well if you go together it could split it and get basically nothing - spend $2-3k file a lawsuit and get a judgment you are first in line… Also in many instances you can slap that judgment on his personal residence as well and foreclose on that.