Creative finance/partnership advice

[Jeff Ballus]

Hello,

I've got an opportunity on an amazing off market property that my wife and I would love to move into but the property is 2x what I am able to afford. I have some investors that see the potential as well and would be willing to partner with me to secure the property. The property is old and needs significant updating but the lot is big enough to subdivide and potentially build another home and/or an ADU. The area is highly desirable with multi-million dollar homes surrounding. My question is, how do I configure a deal with partners on something like this. The goal would be for my family to live on the property and add value over time (via updating, subdividing, additional dwellings) but I'm struggling with how to configure a deal with investment partners on a deal like this if their money is tied up until there is a refi or we sell the property. Any ideas on structuring a deal that is a win win for all parties would be greatly appreciated!

Thank you,

Jeff