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Buying & Selling Real Estate

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Marc Oister
  • Investor
  • pottstown, PA
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124
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Funding a foreclosure

Marc Oister
  • Investor
  • pottstown, PA
Posted Sep 10 2015, 18:08

I have recently found a foreclosure property and am in the process of getting Proof of funds and my down money together.  I have been trying to figure out a way to fund the project without running into any tax problems later on down the line.  I am going to be the one handling all of the aspects pertaining to the property.  But I have two family members that are going to be investors and pool their funds together to purchase the property, but they want to have the title in my name so that when the rehab is done and it is sold, or if I decide to refi out and pay them back and keep it as a buy and hold they won't have to worry about doing anything.   What would be some thoughts to structure this project in the best way possible.

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