Updated about 9 years ago on . Most recent reply
Multiple Investors With 1st Position?
Hi everyone. Looking for ideas on how to allow a few small investors ($10000 to $20,000) to invest in a flip project with all of them receiving first position with a mortgage. Anyone got anything creative to share? Thanks in advance.
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
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As individuals, no. They would have to be part of some entity, which be first. Only one can be "first".