If he sells property with in 4 or 5 years he must re-pay the balance there of (pro rated equally over the 4 or 5 years).

When interest rates go up they may be more active about forcing folks to refinance/repay the notes though.

It would be in your brother's best interest for you guys to set up an LLC that clearly dictates the terms of the arrangement.Without anything in writing, any money he gives you is a gift with the hope of repayment.

Smith’s credit card and he really was 90+ DPD 3-times in the last 24 months” the trade is re-instated on the consumer’s file and when the credit score is requested this re-instated trade has the pronounced effect of returning the score to what it was (all other things being equal) before it was removed, the crash.The only thing that will improve one’s credit for the long haul is time and repaying one’s debts as agreed.

This maybe unique to Maryland.

I can make the purchase with my business partner’s credit card (12%), the property will be in my name (he doesn’t want to do buy and hold), and our contract will state that I am responsible for all repayment of financing until the refi. 1.At 12% putting it on a credit card seems like a no-brainer since HML rates start at 12% + 2 points.

We're in unique circumstances in that we both have quite high, verifiable incomes and great credit, just not much in the way of liquid assets we want to utilize in the beginning.

It will give us a unique opportunity to have two people we trust immensely in the property.I will send over the requests.

This is my first new construction loan so I am interested in what else may be out there.....Here is one set of terms for our new construction loan:Lender # 1AMOUNT: $1,935,000PURPOSE: Construction of new apartment buildingsTERM: 12 months interest only, followed by 20 years amortized repayment.

@Rick Day Welcome to BP and welcome to LA, a unique place in the world!