Finding an investor

[Brad Ericson]

Hello all, new to this site and looking to learn. I am not new to real estate as I have had my RE license in TX previously but have since let it lapse as I am more interested in investing and life happens.

I am in a unique position and want to leverage my equity to do more deals. I own my home with $200k equity (valued at $350k). I am looking for a private investor/lendor to partner with to realize my equity and leverage the money to kick start my real estate investment portfolio. I am not sure exactly how to go about this or if this is even possible, I do know that there are creative deals happening every day throughout the country so finding the right partner is ideal. 

I am just going to describe my perfect situation and I would love any and all feedback, concerns or criticism. 

I would like to enter into a leaseback and repurchase agreement with someone. This would be a short term deal (12 months) with a 16% ROI and full return on investment capital at the end of the deal.

Investor purchases my property at $350k (comps will be provided). The investor gets a loan at a financial institution of their choice and puts 20% down and pays the appropriate closing fees (total of ~$75k). 

I would sign a tenant lease agreement with the investor for 1 year valued at whatever the monthly loan amount from the loan above, my rough estimation would be ~$2,000. 

ROI details: I would pay the investor $1,000 monthly interest payment on top of the loan payment to the bank. Totaling $12,000 in monthly payments directly back to the investor.

Then at the end of the 12 month period, I would purchase back the property at the same valuation ($350k) and the investor would get the initial $75k back in a lump sum after the transaction closes. 

So, the investor would receive a total of 16% ROI on initial investment over a 12 month period, plus receive the entire $75k initial investment back. 16% ROI = $12k/$75k

All of this would of course be documented through contracts with protection clauses for both parties.

Questions for review:

1. Are these types of deals available?

2. Is this a good deal for a RE investor, does 16% move the needle?

3. Is this a good deal for me, am I paying too much?

Thank you so much for any help or advice!