Also, ask the attorney about doing a profit-participation mortgage rather than an LLC with the rehabber.

However, you won't get many to help in future if you forget to express some gratitude, even for those with an agenda or those you disagree with.Having participated and supported a number of forums over the years, I encourage poster to "take the best and leave the rest."

Also read the free BP beginner's guide under the learn tab, ask questions, and participate in forums.

BP participants are a great bunch.

Thanks for the intro post and welcome to BP.You'll find you get the most out of the site by participating.

Hi, i have been in BP for the past 3 months.I am going about finding my first deal on HUD.Looking for Agents registered with HUD to work closely with.As well as to partner up with investors in all states on future deals.I aim to own a multi-family unit every year, do at least 3 flips/month starting out, participating in sheriff's sale from april 2014 & be a landlord in the future.I have participated in programs like dohardmoney.com, buyersOnFire & UStaxlienassociation.

I have found that you learn a lot more from this community when you are actibly participating, so good call on creating a forum profile...see you around the site.

That can be a huge problem, I absolutely do not advise a lender to participate in profits under a note.

Learn the business first by studying, observing, attending and participating.

And if you try to claim that the investor is participating in an event that will lead to the creation of a loan, i.e.