How would raising private money for a buy and hold work
I am looking to acquire my first property soon within the next 3-6 months with a partner. However, I am wondering how would the process of raising private money for this investment property we are looking to hold long term work?
i.e. raising the money from a private investor for the initial downpayment and closing costs and getting them their money back (plus a return) without putting any of our own money in the deal?
We would obviously want to make sure they received a return, so would that come after we refinance after 6 months? Is this possible to do?
I hope this makes sense.