Rolling Over Equity Question

[Derek Anaeme]

Hi BP members, is there a way for property owners to roll the equity of their home over into a multi unit development. For example my neighbor owns two homes next door to each other on two separate parcels of land. He is not interested in selling either as they are but he is interested in using the equity he has in both to partner with a developer to create one multi unit property. So essentially the two, both he and the developer, would own it and both get a return if sold. What is the name of this sort of deal. Does anyone have experience with this development strategy. 

Thx everyone in advance.