You never know who you might meet.There is a REI Club that also meets in the Walnut Creek area that I participate in.

He fails to have any incentive to be successful.If Mike is willing to participate to help Joe build himself back up, then I would suggest some sort of LLC partnership operation with special allocations to give Joe a guaranteed payment of the cash flow amount distributable and then give Mike all the revenues & expenses, which include the guaranteed payment to Joe and depreciation.

I replied to your other post... so that a look at that too.But here are some answers to these questions… Why would a seller do it (participate in a short sale) and get no cash at closing?

I deal exclusively with residential Real Estate.I'm looking forward to participating in this community and will be glad to help anyone in any way that I can with the knowledge that I've been fortunate enough to accumulate.

b)In the past what activities or thoughts did you participate in when you should have been working on this particular goal?

(interest rate, term, baloon, LTV, lender participation in upside, etc.).Some details:- 1 acre lots- lots selling around $30,000- lots in neighboring subdivision sell for much more than $30,000- sales history shows brisk sales over past two years and steady appreciationGiven the current situation with real estate lending, I don't know if securing financing for such a situation is even possible, but if you have done something like this in the past, I would really appreciate your thoughts and wisdom!

How can I structure the investment to protect their participation, as well as mine?

Fortunately, people still want to borrow but can't seem to locate willing participants.

They signed up 6 people who will participate for 6 months in their program for free and work off the cost by short sales.

I look forward to participating in the forums and will try to be part of the welcome wagon for new members because I know how important that is to me.