can a minor be a private investor?

[Michael Wentzel]

We have been working with private lenders for a couple of years. We have developed a pretty good system with promissory notes and deeds of trusts here in Colorado. Then a potential lender asked me this question and I don't know the answer.

He wants to invest money from his children's college savings accounts into a property. The savings account is NOT a 529 account. I think it is just a normal savings account in the child's name. He wants the promissory note and deed of trust in the child's name. Is that possible? Will I run into any hurdles when I refinance to a commercial bank loan in a year and half?

Mike