I'm in the middle of transitioning out of lending, but intend to invest in multifamily part time during the next stage in my career.

What is a fair way to split the profits (if there are any)It is pretty much a contractor arrangement currently.

Hey everyone I'm just in the investigating stages right now.

I will spend some time on my own.. and do a pre app at the city or county that usually cost 1 to 2k.. then I might go to stage two with prelim drawings etc that cost 10 to 20k.. then I will decide if I want to move forward.Generally speaking you cannot develop bare land without up front cost that you could walk away from I have walked from 100k plus up front and not closed..

Generally, if the property is in "pre-foreclosure" stage the owners still have rights in the property and may be able to purchase the property back through a right of redemption; again, depends on the jurisdiction.

Crane:Hi, I'm still in the beginning stages of building my credit and savings in order to find a good deal.

I would be open to short term mentoring with an agreed upon financial arrangement.

Make sure you have financing arranged before hand.

I don't believe a pure fee, arranged outside of a transaction, would be prohibited, if you're just marketing and giving somebody a "heads-up."

She could do a quit claim to her husband, then he could execute the special warranty deed.The old contract for deed was a go-to strategy back in the day, usually done improperly and full of flaws they rarely were pulled off as agreed, now besides the determination of sale issues with the IRS, these now get into other title matters, wrongful foreclosures, lost deeds, pre-arranged unlawful deed transfers and/or predatory lending/dealing issues.