Colleague provides the cash, I provide the rest (deal analysis, negotiations, closing, repair planning and execution, management etc)What I’m curious to get the opinion of BP on is what’s a reasonable way to structure the split of profits?

I heard she can file an execution to stay?

What is the “starts in 7 months..” part.For the last 25%, you can use a mtg calculator for monthly or annual and plug in any interest rate you want.The seller gets protected by You executing a note and mtg, recording the mtg.Note, the more weird terms you put in there, the more likely to scare off the seller.....as it should be.

Michael, I usually put 10 to 20% down, seller usually pays closing costs (they are less expensive given it’s only a contract execution, the deed passes at fulfillment of contract).  

We have only had to foreclose once on an Seller Financed Note and the process was called out in the Deed of Trust (we are in Texas).If the bank does not have a process, there are usually 3rd party real estate attorneys or firms in every city/county that will execute a foreclosure and eviction (if needed) on your behalf, for a fee of course.Good luck...

If you do propose to stay involved with the deal, what are your qualifications that would lead an investor to engage you in performing the functions you see yourself executing?

Assignee’s inspection period shall expire upon execution of this Assignment.

18 USC 1344 - Bank FraudWhoever knowingly executes, or attempts to execute, a scheme or artifice— (1)  to defraud a financial institution; or(2)  to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises;shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.

Execution of a quitclaim deed is relatively simple, and requires little more than both parties signing the deed and, if required in the state where it is executed, having the deed notarized, acknowledged before a notary or with a jurat signed before a notary.

Second, my initial contact with roofstock account executive lead me to believe I'm only responsible for the @ turn capex