Sounded like, what's better, going to the dentist to get your mouth drilled or going to the doctor to get your dislocated shoulder shoved back into place.

Non-institutional lenders, which comprise all hard and private money, can be grouped into three categories: hard money lenders you can find on-line, private individuals such as your Uncle Murray or dentist, and private individuals who understand real estate and are comfortable loaning their own money on it.

He worked for a commercial company that leases professional buildings (ex. doctor/dentist office) and said it hold up great.

Account ClosedThis is MY opinion and MY Modus Operandi (M.O) only.IMHO there are 2 different mind sets and attitudes for JV Partners.I want someone to have the credit to leverage a loan, buy a rehab, fund the rehab, pay all costs including holding and selling costs, and earn a profit of 10% to 15% on their money in 6 months, not split the net pretax profit.I want this person to be a busy doctor or dentist, I want him - her to have too much money and no time, not a REIA attendeee.I want this person to be more concerned about their % profit and not learn REI.Example:Retail Comps after rehab - $120,000.Costs to buy: <$45K>cost to rehab: <$15K>Holding costs: <$10K>Sales Costs: <$10K>---------------------------------Gross Profit = $40,000$80K used x .15 = $12,000 within 6 months (30% APR)JV Partner gets $12K plus all his money $80K back.I get $120K - $80K - $12K = $28K Gross Profit.If I split it 50 50 I would make $120K - $80K costs = $40K div 2 = $20K.For 6 months of my time I would rather it my way.Always give a percentage like 15% for 6 months use of the money, never 50 50 split.IMHO.And, have the JV Partner buy it and own it until it sells, and you have an option to buy half the equity for $1.

@Steven Hamilton IIUDPATE:Sorry for the book but after more research on your response, my scenario is different than most part time investors.In regards to the link you put for the ustaxcourt ruling: I am not a dentist and am not claiming equipment.

If you can sell it for commercial or a house for a lawyer, dentist office etc. you might can get more money.You could also try to find a buyer that owns a landscaping company or is a landscaper who doesn't care about the yard and can do I themselves.

I see this a lot with dentist.

Doctor, Attorney, Dentist, Neighbor, Grandma, person that needs better rates than a bank can give them) where I can negotiate rates and points on a case by case basis.

I thought I read in another thread that both of them would have to be involved in an eviction, or what if they had a fight and he moved out and she was left in the house, and had the bk filing going on.On his court record, he several court cases between 2003-2007 for unpaid debts that ended up in wage garnishments, one with a dentist, the other with an attorney, and twice with a debt collection agency, but nothing more recent than that.

Totally new to DP.....Thanks in advanceI'm a dentist in NYC, I've always loved the idea of retiring in Phoenix and recently owning property for rental income and appreciation.