OPM & Notes

[Joshua Andrews]

This post is for you more seasoned transaction coordinators out there. Any feedback is appreciated!

I'm a newer note investor, picking up a few deals (performing and non performing). I have started sharing what I'm doing with friends/family business acquaintances and they have expressed interest in getting involved with me. They mostly have small amounts to invest, starting at about 10 - 30k.

After speaking with a mentor and someone I highly respect, I will at some point be using collateral assignments to basically borrow money from these individuals. However, I have more interest from these folks than I have assets to collateralize, and I can see this increasing in the future.

My Question:

Is there a method of utilizing OPM you've seen that might be helpful in this situation, specifically with notes?

My goal is to give these folks a fair return, while giving me some form of ownership on the notes purchased, with as little recourse as possible. Any thoughts on something like this?

- Josh