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Sounds like a terrible idea if, as a partner, you are subject to the risk the builder is. If it is a loan, that is different (but, I would be careful there as well). Will the loan be a documented construction loan to him personally, and LLC or what? Would it be collateralized with the home or...? Carrying costs for 4 or 5 months are very high. If it takes that long, I just don't see how he can make any money. Are you talking about loaning money to buy the home or just the cost of repairs/materials/resale?
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Last edited by fintstone; 07-03-2015 at 11:17 AM..
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