Purchase price: $268,000 Cash invested: $56,000 Sale price: $308,000 Formally used for a House hack and Established HELOC.

I am going to be practicing analyzing house flips so I can pull the trigger on one, but I am not quite sure how to formally present the deal to a private money lender.

I have my yearly income and expenses and basic yearly P&L, but I have never formally put together something that spans years.

They should provide you with a very clear & thorough breakdown of their businesses operating expenses, though they may not provide it until you've signed an NDA disclosure and made a formal offer. 

The formal rule to this (and not every lender will do this - so your current lender may not do this at all) is that on a single family, investment property you can a loan of either your purchase price + closing costs (at the time of purchase) or 75% of the After Repair Value - whichever is LOWER.  

@Brian Winters, Semi Random thoughts and some answers for you.The county will do formal arrangement to pay back taxes.

In both cases, syndication would be needed with a securities attorney.Here is the list of promissory notes recognized by the Supreme Court as NOT being securities is a compilation of nearly random examples:Notes delivered in consumer financing.Notes secured by a mortgage on a home.Short-term notes secured by a lien on a small business or some of its assets.Notes evidencing a “character” loan to a bank customer.Short-term notes secured by an assignment of accounts receivable.Notes that formalize an open-account indebtedness incurred in the ordinary course of business.Notes given in connection with loans by a commercial bank to a business for current operations.And the determining factors for how a court will judge it to be a security or not are :Whether the borrower’s motivation is to raise money for general business use, and whether the lender’s motivation is to make a profit, including interest.Whether the borrower’s plan of distribution of the note(s) resembles the plan of distribution of a security.Whether the investing public reasonably expects that the note is a security.Whether there is a regulatory scheme that protects the investor other than the securities laws (e.g., notes subject to certain banking regulations).Again, consult an attorney.

Hi everyone,I bought a house about 3 months ago and I am house hacking with family members so there is no contract or any formal documents.

I've removed hundreds of tenants over the years without using the formal eviction process and there are a lot of different methods.Ask.

Plus you have Border Patrol Agents that are stationed there who need housing!