Just a quick question, how does one become the sole owner of a partnership, I must be missing something?

After visiting, I realized I could buy a nice little condo where 20% down was only $15k.

It’s been a baptism by fire I must say.

it could be like Oregon. does not matter were the loans are made you must adhere to CA license rules. and there are 12 other states that require state licenses to lend money on 1 to 4 unit properties.. the rest you can do that without a license. but before you go off half cocked I would get with a local Attorney who knows CA lending laws..

-NickA tip for this is that you and your father must both be able to be business partners, not exclusively father and son.

@Alexander Quan 1) the penalty for committing mortgage fraud (which is what that would be) is, from a quick google search "Under U.S. federal and state laws, mortgage fraud can result in up to 30 years in federal prison, and up to $1 million in fines"2) you posted about possibly committing said fraud on BP with an account that shows your full name3) Most (if not all) owner-occupy mortgages have clear language that you must occupy them, so you can't just let it sit there empty for 45 days (this is an assumption, will depend on what your mortgage language says).Overall sounds like a shady way to go about starting off your investing career.

YOU MUST READ THE DOCUMENTS FILED WITH THE SEC BEFORE INVESTING.ALL SECURITIES WILL BE ISSUED BY BUILDING BITS PROPERTIES I, LLC, AN AFFILIATE OF BUILDING BITS HOLDINGS, LLC.

And we have a lot of those types of flippers in the city... dumb money that pays too much for things.Have you visited the education tab here on the site?

Unless you have a property in a must-have location those leads will be gone. 

Yes, you must have another licensed contractor unless you have a GC license already.