If the partners are active, actually helping with management, signing loans, etc, then it is a JV and you can form a simple partnership to own it, but still will need to consult an attorney to draft docs and make sure everything is covered.For the 20% PML/80% bank, you will need to be careful with your lender, as they may view that as debt too, which it is. 

Technically that could trigger their "due on sale clause" but I have never once heard of a bank doing that.  

I understand timing the market is nearly impossible - probably even more so now than ever given the market/economy uncertainty from the unprecedented nature of COVID19 - but what are the triggers to keep in mind as a signal that it's a good time to resume acquiring flips? 

Hi BP, can anyone explain to me the difference between a limited partnership and a manager managed LLC? 

I’m willing to workout a deal with someone on the finance side of things or partnership??

Otherwise I have a Realtor Partnership with Terminix and could set you up with them. 

I had the knowledge, money to invest, mindset and people to get advice from but just wasn't pulling the trigger.

Waiting for the rates to come back down to 3.5% again to pull the trigger.

I had the knowledge, money to invest, mindset and people to get advice from but just wasn't pulling the trigger.

These 2 financial triggers help make contingencies fair for all parties in the transaction.While the due diligence period is non-refundable, except in the event a seller breaches the contract, the due diligence fee is typically credited to the buyer at closing.