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Updated over 1 year ago, 06/17/2023

User Stats

8
Posts
2
Votes
Eric Stanley
  • Rental Property Investor
2
Votes |
8
Posts

What do you think about my idea to buy land I can’t afford???

Eric Stanley
  • Rental Property Investor
Posted

I want a piece of prime land to build my dental practice and house a couple other tenants. It’s 2 million and over my personal budget.

Here’s my idea:

“Partner” with a few other investors to purchase the land. But they would be bought out of the partnership at the time of refinance after full construction. I would simply pay them a percentage for partnering temporarily like they were a hard money lender.

Does that make sense. I’m new to this. All I know is I want that land!

Thanks

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