Structuring Buy N Hold using Investors

[Thomas Stackpole]

Hello BP,

During the process of renovating a million dollar property on my own, I've lost a few opportunities while my finances were tied up.

I'm looking for advice on structuring agreements for buy n hold using investors to fund both the acquisition and improvements.  My role will be to search, acquire and manage improvements and operations(investors will essentially be silent).  I'm also looking for a 50% stake in the property.

My target is multi family that has value add, improve units, raise rent roll then refinance, BRRRR.

I have a group of interested investors for buy n hold, but need some ideas on structuring the agreement.  The market I'm working in on Long Island is between 500k and 1.5M

I know for the standard fix n flip, you borrow from private or hard money lenders, then pay them back after refinancing the property, which we can do but we would not be able to pull all of the down payment and improvement money out.

Thank You,

-Tom