We have some great back country roads around the lake that any road race driver would enjoy, for me, at times, a few of those "S" curves that I know like the back of my hand are just too much of a temptation.I'm happy to hear Jay that you have enjoyed your method in your construction deals, but you and your attorney are misinformed if you think a note sets a partnership, it may have the effect with similar outcomes.Repeating what you do doesn't make it more correct or prudent, people should not be doing this, you can, if you have issues, you're a big boy, you can handle the issues or losses or ramifications, others can't so well.My temptations running through those curves is much like yours in doing deals you like to do, if I get a ticket, I'll just pay it.

. - having opened this can of worms, I guess I'd better thread one on the hook...If 'by all of that' you mean will I shop for a property that gives me at least a 30% discount, dropping that equity right to the bottom line, fix it up with the bank's money, get a 10-12% cash-on-cash return the first year, have the tenant pay all the expenses including the mortgage and own it outright in 15 years, why yes, yes I will.

Let's say expenses are 45% at $3,375/month.I was thinking of making an offer of $750,000 with $75,000 down, 5% interest for 30 years.This would put me at paying $3623.55/month to him, along with the monthly expenses would put me at $7,000/month with $500/month in pocket.

@Brenda SacchettoI have a real estate store in Orange with counter service (Corner of Tustin & Meats) come in or call I'd need the address to pull info and guide you from there.

Anyone who knows me would not use your "high horse mentality" to describe me at all.

Long story short I got a hold of the person who's under contract to buy and patiently waiting, he gave me the name of the agent I explained the problem and they met me at the property and let me into the vacant property.That place stunk.

The stunts pulled my some mentioned here are just unbelievable to me at times, often unintentional blunders trying to set up some advantage or ploy and thinking anyone with an imagination can write a loan.

For me, at least, I'm padding all my numbers before I make an offer to make sure, even if it's a worst case scenario it still works for me.

It struck me at this point that I was actually acquiring some of these properties for pennies on the dollar.

My second question: Does this arrangement put me at risk of appearing "predatory"?