Can't honestly say that I've studied any of the material as of late.Anyway, I have about 110K in equity in my house, just secured a line of credit for 90K and I have a credit score between 710 and 800.I have a GREAT handyman/carpenter lined up and he has an outstanding work ethic.

This includes Security deposit handling and inventory/condition documentation.

Do you happen to know a web site or book that could explain more?

okay, so this may be a stupid question (or not if it helps the original poster), what happens if you secure a contract and then, you can't find an investor who will want to buy it?

I am in Canada, so I would have to look up securities regulations here.

In addition, while you are waiting for that small percentage of people with bad credit but a big pile of cash to show up for the option premium and security deposit, you could be renting the property.

I take care of rehab, but...big BUT...what is a way to protect my interest in the property while I rehab, allow him to secure his interest while I rehab and resell, all until the property is sold and we all cash out?

I read something on the web about them once I posted this.

my sweet innocent tenent never cleaned a thing in 9 months , she stained the carpet , it took 26 passes with a steam cleaner to get the carpet looking like new , she kicked a hole in the wall , these are just a few things , total 1,500 dollars worth of clean up and damages, she paid 400 for security deposit , do i send her a bill for the difference or do i have to eat the diff, i took pictures before she moved in and of all the damages after she moved out , :shock:

Would you do a JV, or just secure the note to the property and have your LLC as the soul owner?