. - at least that's the topic for October.November will be a legislative update regarding seller financing and interior rental inspections and December is speed networking so you can meet a lot of people.

@Jennifer Acalinas Since you are interested in fix and flips, I propose the following action plan.

What actually sparked this post was a story I saw on a proposed development at Taylor & Madison (next to the church), trying to cram an apartment complex into the small lot where the vacant bank sits.  

does anyone know how the new legislation in New York in December is going to benefit investors in ny are there houses that are not listed for sale right now that are already bank owned . 

I would like to propose a meeting on the first and third Thursday of each month at Nates in Buda (possible varying location after some initial meetings) at 6:30-8.  

I've been looking at properties they are proposing to be used in their countywide landbanks and from what I can tell some would make great deals, others would be disasters for new investors. 

There are over 100 municipalities in NJ that have some sort of rent control legislation so before you invest you should look to the city hall before you pull the trigger on a purchase.  

The partner would not be a part of the proposed LLC, but could be part of the borrowing group, which could accomplish the same goal.

I was thinking doing a promissory note which could work for now but eventually I would like to have more 'Funding partners' Also I'm thinking proposing they put 100% of the cash, I put knowledge and skills and my time I would not charge anything to list and market the property and we go 50/50 on the NET profit.

Looks like the biggest problems with my proposed deal structure is finding private investors to take a 3rd position and a broker willing to give me a loan with none of my own money down plus the fact that I don't have experience.