How To Get a Mortgage Under Your Name With Outside Investors

[Liam Galbraith]

Hi BP Members,

I would like to purchase a multifamily property through a partnership deal with an investor. My investor will put up the capital for the down payment, but I would like to take out the mortgage under my name. I still have Fannie Mae/Freddie Mac slots available (currently only have one personal property under my name), and would like to use one if possible for this purchase. 

The only financing option I can think of is to have the investor deposit the down payment into a bank account, let season for 60 days, and then take out the mortgage under my name. 

1. Are there any work arounds to this that other real estate investors have thought of?

2. Is there a way to use commercial loans to get around this?

Thank you!