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126
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4
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Josiah W.
Lender
  • Lender
  • Miami, FL
4
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126
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Credit Partner Needed

Josiah W.
Lender
  • Lender
  • Miami, FL
Posted Jun 23 2015, 11:18

We have investors that are looking for a few serious investors interested in a partnership with other investors involving some buy an hold also fix and flip or residential and commercial real estate.  These turnkey properties are cash flow positive with substantial equity.

HOW IT WORKS:

  • Two (2) partners per partnership.  One "credit" partner and one "cash" partner.
  • The "credit" partner will NOT be required to pay for any costs prior to the close of escrow including any down payment, closing costs, etc...
  • 50/50 split on income, expenses, equity and appreciation after close of escrow.
  • Title to the property will be help in a entity.
  • The credit partner will have up to 50% beneficial interest in the entity.
  • A partnership agreement will govern the partners and partnership.

CREDIT REQUIREMENTS:

  • Credit score of 700 or higher.
  • Must be able to provide ID verification.
  • Revolving accounts utilization rates needs to be under 50%.
  • Clean credit (i.e. No bankruptcy or foreclosures within the last two years
Looking for

User Stats

298
Posts
261
Votes
Nnabuenyi Anigbogu
  • Chicago, IL
261
Votes |
298
Posts
Nnabuenyi Anigbogu
  • Chicago, IL
Replied Jun 23 2015, 12:21

CJ,

I would be interested in finding out more information on this. I have great credit and would also like to see what areas of the country this is for.

Thanks

User Stats

100
Posts
18
Votes
Cedric Macon
  • Wholesaler
  • Charlotte , NC
18
Votes |
100
Posts
Cedric Macon
  • Wholesaler
  • Charlotte , NC
Replied Aug 8 2016, 06:38

@Nnabuenyi Anigbogu, I'm Looking for a credit partner in NC. Are you still interested?

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