Updated about 7 years ago on . Most recent reply
Partnering with a person who can use VA loan
Hi all,
This is my first post. Trying to pyrchass my first real estate investment property.
Read Brandon’s no money down book and figured that in my situation without a lot of money to put down and unable to apply for a loan under my name.
The creative strategy I came up with is:
1) My VA friend is looking to find a place of his own.
2) he can apply for a VA loan which is 0% down, 100% financing, no PMI.
3) he can house hack a 4 unit property and live in 1.
4) I can put together the deal and manage the property.
5) SPLIT 50/50 Partnership
QUESTION: Form an LLC PARTNERSHIP?