Need a creative solution - need to buy. Should we sell?

[Lisa Jones]

Hi All:

A family member is looking to purchase a high priced home and she needs a large down payment to get the mortgage payment down.

She has a property with a lot of equity and would like to keep it as an investment, but doesn’t want to be on the hook by herself if she’s not able to make the payment. And I do not want to pay the full price of the home.

Any way for me to structure a deal where we both own a portion of the property and she can use some of the equity money for the new home?

It’s a stretch, but worth a try to ask those of you that are gurus at this sort of stuff. I would hate for her to sell a property that is a good investment if there’s a way around it where I could help and also gain an investment.

I appreciate the help!