Yes. A popular approach is for a group of investors to combine forces and invest in an entity, such as a limited liability company (e.g. LLC). The LLC can purchase the property. This may be done for a variety of reasons, but this approach will also allow the LLC to take out a loan. Also, if you have a large group of investors, LLCs simplify the purchase and management of real estate property by reducing the number of parties in the execution process. The LLC gives you the opportunity to be a completely passive investor, if you wish. Again, you should always consult with a qualified professional regarding this or any legal, tax, or financial issue.