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Updated about 10 years ago,
Securing Loans With Cash Investors
Is there a vehicle (Trust for example?) that would allow us to utilize investor's cash as a down payment on a mortgage?
For some background. My friend and I are looking to start buying, rehabbing and re-selling properties (flipping) as a business and are just starting out. Maybe the properties we are looking at are just out of our price range; you tell me! Between the two of us, we may not be able to foot the entire 20% down payment. We have several friends who want to make substantial cash investments in this business, however.
So, to my initial question: Is there a vehicle (Trust for example?) that would allow us to utilize our investors cash as a down payment? This way we can use our own cash to cover buying costs, renovations and holding costs thus having plenty of skin in the game. Would love some help. Thanks!