OfflineI have a friend who has a house with $200,000 equity and a duplex with $100,000 equity. She has bad credit and needs her equity to help. She doesn't qualify for traditional funding and is looking for an equity partner. I can negotiate terms with her but need to find a private investor or equity partner for her. Can anyone help me???
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Why not create a partnership that owns the property? You being the partner. Then once the partnership owns the properties you as a participating partner refinance in your name and pull out money?
You get to help them pull out money that is hopefully useable for your real estate deals. They get a return.
You get the better interest rate of conventional financing.
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Wow, that's a great idea, thanks Coach!!!
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."