Posted by js-Indianapolis on August 01, 2007 at 24:03:32:
The bank gets a little weird, depending on who you’re dealing with and how you’ve approached it. I’ve told a bank, “My partner needs to fund this one,” and they simply rewrote the contract and put his name on it. Luckily, I knew him and he paid me outside of closing.
You could always buy in a trust, and assign beneficial interest to your buyer. Or buy in an LLC, and sell the LLC. Of course, all not entirely smooth ways, but if everyone plays ball, it could work.
Hard money then refi in 3-6 months?
All sorts of ways that are less than ideal. However, if the profit is there, it’s better to get some than none.