I will be purchasing a four plex apartment building soon, and am interested in syndicating the down payment among individual investors I know. Is this common? If so, what are some good resources I can consult that can get me started looking into this type of financing?
Best answer awarded to those with experience in this.How do banks feel about a person seeking a mortgage for an investment property syndicating the down payment?
BAD IDEA
toooooo many legal complications .
u have no real money in it , they do not like that .
will get u higher rates than u can really afford.
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