If you want your family to participate in these deals in a passive way, I suggest a simple unsecured promissory note with a fixed rate of return that is less than the performance of the asset you are going to use the money in.

Luke Faulconer I love seeing you young guys getting in and learning about real estate investing, and jumping in on BP and participating!

. - Active rain- I blog here about once a month- BP - I blog here (as a contributor) weekly but also add a blog about once a month, and participate in forums when I can. - Google+ - I share things on here but don't interact on here much.

Fred, The way you have described your participation appears to be one of a Joint Venture where you and the rehabber are sharing in the risk.

You do not Contract a "participation agreement" .

Perhaps you can fill in your profile and profile pic so we can better get to know you as you participate?

Anyone else interested in participating?

You participated in the activity more than 100 hours during the year and no one else participates more than you do, including individuals who do not have an ownership in the activity.4.

The order extended to directors, officers, employees, agents, successors, assigns and other person’s participating in the illegal lending.

With a little help from studying J Scott's wonderful site I soon corrected that mistake, sold the house and made a profit......Anyway, I am thrilled to be a member and I look forward to actively participating.