Real Estate Investor · Newport News, VA · Member since 2017 · 29 posts · 7 votes
Hey BP, I have been reading through some of the forums and I see some mixed opinions on this subject, Here's the question: If you don't have enough money for a down payment and your credit isn't the best and you deiced to bring in a partner 50/50 partner who has the money for a down payment giving you guys skin in the game. Would a lender not approve this loan or look down upon this?
Hard money lenders don't go by FICO. They go by the project numbers. If you need a partner for the down payment and out of pockets, just bring in a partner.