Posted by MoniqueUSA on August 16, 2003 at 09:48:32:
Private investors might be an option. Though, you want to limit your private investor’s risk by not putting them a high LTV position. If the value of the house is high enough, you might consider having a private investor take a 2nd mtg for 5% - 10%(making the cumulative LTV 75% - 80%), but not more. Clearly, this doesn’t help you much on lower priced properties.
Another option is to do a cash-out refinance with a bank at 80% LTV. You can refi at a higher LTV, but you would have to pay PMI each month.
On your title question … title all your properties in Trust. It gives you the greatest flexibility for transferring assets, avoiding probate, and providing anonymity.