That means you'll need a savvy attorney experienced in equity sharing deals. Finding an investor in today's market is another hurdle. More than a decade ago when lenders demanded 20 percent down, finding an investor was as easy as holding up your hand. Today with loans available for as little as 3 percent down, it isn't so easy. Referrals through real estate agents, is the most common way to find an investor.
Most agents have a network of peers involved in various aspects of real estate.
Likewise, other professionals you work with and trust, accountants, attorneys, and the like, as well as family members may all be able to provide investor referrals or become investors themselves. Don't forget to scour newspapers' investment opportunities classifieds sections. Finally, the greatest obstacle you'll have to over come to land an equity sharing deal is finding a seller willing to wait for the contract. In hot markets where multiple offers reign, including much of California, New York City, Boston, Seattle and some Denver areas, sellers rule and need wait for very little. Written by Broderick Perkins Click here for a printer-friendly version of this article.