Updated almost 6 years ago on . Most recent reply
***ISO Cash Partner Tips***
I have dragged my feet for long enough getting into real estate and have finally found a friend that will provide the cash for any investment or flip I want to pursue. Based on analysis, suggestions and some personal preferences, etc.....I will determine what makes most sense for a rental and for a flip.
I would like to purchase a rental first using the cash from the partner in an effort to try and get a better deal and due to current personal finances. After purchase, my goal would be to get a mortgage on the investment asap to pay back the partner.
What do I need to consider when/if I pursue a mortgage on that condo regarding how I paid for the condo in the first place...if that will even be an issue? Or other options, suggestions on how to get into it with access to the funding I have?
Thanks in advance.