New Investor/ Private Money Lender

[Johnny Garcia]

Hello everyone! I'm from California (Central Valley). I'm new to real estate investing. I've been spending the last couple months reading books and listening to podcast on real estate investing. With that being said, my wife has a boss who wants to buy a property in cash but not have it under his name. Reason being because hes in the middle of getting a divorce. How can we go about if we put it under my name? Any help would be greatly appreciated! I feel like this would be the perfect opportunity to get my foot in the door in real estate investing if I can find him a good deal. Also, if the house builds equity when he decides he wants to refinance and put it under his name. Should we go in to agreement that I would get a fee from it? I don't mind not getting anything in return since I'm helping him out and in that process, build that trust with him to when I find another property. I can go to him as a private money lender and he can help me grow my real estate portfolio. Thanks in advance and excited to hear back from many of you. 

[Aaron K.]

@Johnny Garcia yeah no, find someone else to help or at least help him do something on the up and up, it sound's like your wife's boss is committing fraud, you really don't want your first foray into real estate to be a fraudulent transaction.