Need creative ideas to secure deal

[Jeremy Luster]

Hello BP,

My wife and I have finally decided to get off the sidelines and begin building our rental portfolio. We've spent the last few months educating ourselves and trying to follow most of you guys amazing advice so we're very excited. I'm hoping we can get some help/ideas from some of you. As mentioned, we waited months before deciding to invest with a turnkey company. The property is new construction in a very promising area with a great school district and it's under contract. Shortly after ordering the appraisal, home inspection, and sending our EMD, we were presented with another great opportunity. This new opportunity would cash flow north of $500/mo and I'd really hate to pass it up. We asked our lender if we could possibly close on both properties but she made it seem like it would be too much work. Assuming we can't enter a new contract until the first is closed, how could we structure a deal with a partner where he/she would purchase for now, then maybe we could acquire it later? I have a family member and friend that I know have the money but not sure how to present or structure the deal to make it attractive for them.

Any advice would be greatly appreciated.

Thanks,

Jeremy