Real Estate Investor Package Help

[Matt Jorgensen]

I am looking to reach out to some friends and family members about investing in real estate.  I want to present a professional package to them.  My thoughts were to ask for between $50k and $200k with a 3-5 year promissary note and offer between 6-8% interest only payments monthly.  I would use the funds to buy distressed properties for cash.  I would then fix them up, get a renter in place, and do a cash out refi in 3-5 years to pay back my investors.  I would then have a mortgage on the property and I will hold and have it cash flow for years to come.  Should I include investors on the mortgage (short term) or get short term life insurance and use them as the beneficiary?  Any other thoughts or suggestions on this plan to make this attractive to investors and myself?