Newbie... How to Secure your investors investments

[Andrew Bowden]

Hello, BP Community! I'm on the hunt for private investors. I have a few people in mind that I would like to ask to be investors. I'm in the middle of writing up my game plan and I hit a wall. Questions start arising. "How do I make my offerings to these people to sound most appealing?" "These people are friends and family members. Should a house flip go wrong, some way, some how. How do I secure their investment?" I started thinking more and more.. Questions for BP. 1. Is there some kind of structured account that I can find at a bank that will hold these funds and allow the investors access to their money to pull out if they need or want to? 2. Perhaps a escrow account could be had with the right structure? Maybe reworked to tailor my needs. 3. Should I go to a real estate attorney/ accountant and have him figure it out? Any help is appreciated!