:Complete newbie here, trying to secure my first property.

So I have 2 friends with money and we've put together a pretty good plan for building a buy and hold business and them getting safer, secured returns on their money.

But not a bad rate..If he doesn't want to drop pre-payments and you really want the financing (and you plan on holding), try to negotiate a declining prepayment penalty for the first few years when you expect it will have no impact on you.If he's trying to invest money 30 years at 6% secured by real estate, send him my contact info and I'll give him a nice fat note secured by my CA property and give him pre-payment penalties for the first 10-15 years..

Also, many times the prior owner has run off with any security deposit.

Bought new large machines for about $1700 I believe (delivered, w/ heavy security covers for coin boxes), so they should pay themselves off in about 2-3 years.

If I were young, had a SECURE job that I could make a living at in these times, you'd have to get a team of wild horses to pull me away.

The sale of an LLC is not a sale of real property it is the sale of a security since that is what you are selling, shares in the company whether in whole or part.

A lot of people do that to secure the homes.

as far as End Buyers are concerned, how do I best secure my position with out having this person go right to my buyers directly.The wholesaler states that the bank is not allowing him to provide all the details about the properties until PFO & LOI are received (hence question#2) and with the amount of properties that he has at the moment for me to help him with, and REO's can't be assigned, how do I structure my agreement with buyers to secure my fee?

Borrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.