I don't have money! Although I have a name....

[Chris Quickfall]

I have recently entered the real estate industry, I have so many questions! I would like to start out by saying I have very little capital. Although my capital is growing, my position puts me aimed towards the creative side of investing. So, please tell me what you guys think about this deal strategy, or if any of you have worked something similar. Please tell me upfront if it won't work, and why. Also, give any advice on how you guys would perform this deal!

I have noticed that one of the most difficult problems with investing is acquiring capital. This seems to be a problem for both large, small and just starting investors like myself. It is no secret that after you grow to a certain size it becomes difficult to get money the traditional way. Investors then have to become creative to get more deals performing rent to own, seller financing and cash deals etc. So on this principle here is my strategy:

The investment I'm looking for is a buy and hold, multifamily investment 50%/50% partnership with an investor who is looking for creative methods. I would supply the financing using my name going to a bank and the joint venturing investor would cover all or most of the downpayment. 100% of the profit would go towards the partnering investor until I paid back my share of the downpayment ( 50% of the total amount) using my share of the monthly profit. Thus, in the long run, we would both be equal partners in the investment.

It would be a win-win. My partner would gain by getting into an investment that the banks are unwilling to let him/her leverage (since his/her portfolio is already highly leveraged) and I would gain by acquiring an investment that I don't have the downpayment for.

Thanks for your time!

Chris Quickfall,