Creative financing to increase buyer pool?

[Walt Payne]

I'm new here and have already learned a lot from the podcasts and blog posts.

I have a property that has no mortgage, and is listed for $399K. It was my personal residence. I think it will be fine on appraisal, but the market for that price range is not good here right now.

I want to get a reasonable chunk of money for my investment plans, so a typical seller financed deal doesn't work for me. I also am not willing to hold a second mortgage for any amount.

My thought is that if I can find a private lender to share the mortgage amount jointly (50/50 would be fine) that I could get enough to get started, and the buyer would likely re-fi as soon as they can to cut the rates. Is this a type deal that is normally done, and where can I find people willing to do this?

Thanks,

Walt