Might help you work out some kinks and keep it a bit simple for you.

The deal didn't work out for other reasons but those lenders were willing.

with this approach you would double your money in under 7 years and if things did not work out as anticipated you would have more than enough income to pay borrowing costs.Appreciation in these markets would be a bonus , you make your money on the rental.

How do most of you work out your compensation agreement with the contractor?

And it’s not uncommon for the owner to also pay the agent ½ of one month’s payment depending what they work out on their end.

That's why, to get to your point finally, I understand now that I really need to force him to sell and make it easy for him to pay me back (with interest).I thought that with the LLC in his name, all written up in legal language, would work out.

And if so how did it work out?

Break down the numbers for them and see what you can work out...There's going to be some cost of yearly maintenance on 10 properties.

That's why I want to make sure we both win, not like I'm just paying him a wage.I suppose it makes sense to start out with me 100% in control, and when he has some skin in the game, then we can work out different numbers.

On the other hand, if you always focus on prosperity and things that work out for you, then you're going to get more of that in life.In other words, look for the other loyal wholesalers and spend your time with them.