Potential partner wants to use his equity to invest in my business... but....
Hi, I'm new here. Site looks great.
So here's my situation. Although I've dabbled in real estate for a few years now, I only just recently worked up the nerve to look for financial investors. I found someone who is interested although they would like to use the equity in their home to invest - around $50K. Problem is that they don't think they can qualify for a HELOC. They really want to do this, I just can't think of a way to make it work. Perhaps if they deed it to the LLC and I apply using my credit? Any ideas are much appreciated.