The deal is not done and still in the very infant stages, but he liked the numbers and the fact that I did some 'homework' on the property so I'm hoping this turns out to be my first investment.Anyway, it would be a great idea for you to get involved with some of your local investor groups if you haven't already, and begin networking and finding out who buys what types of properties and in what areas.I know this didn't exactly address your "how to pitch" question, but I hope that my story would give you some ideas.

Hi Shane,Thanks for getting involved on the site.Sounds like you are doing extremely well.

Sounds like what the listing HUD broker is saying is that they cannot be involved in the type of transaction that you are putting together as it is against HUD selling procedures and they can lose their listing status with HUD.I do not do residential but I would not put my livelihood on the line for a wholesale buyer trying to work the system to make money.

A banker not too long ago asked when my 'daddy' was going to come co-sign the documents (my father wasn't involved in the deal at all)

They may all involve issues with the "due on sale clause" another thing to search for.They may also be seen as a financing conduit and subject to your State SAFE Act.

But you're not going to get people to give you 100% of the down payment and operating cash and let you retain, say, 50% ownership.And, syndication involve a non-trivial amount of legal work.

But if I wanted to use a friend's money, and that friend didn't get involved in the transaction details, the rehab, and all of the work, would I simply treat that person like a bank and pay them some interest?

I still help my father time to time as he is involved in the Windows/Glazing industry focusing on Residential and Commercial Storefronts.

Apparently not, and found out I needed to give myself a W-2, which involves payroll, which involves paying withholding qtrly, which I didn't know I was supposed to do (again, thinking I could do this at the end of the year).

Originally posted by Annette Sannuti:I'm trying to find out if there are companies who purchase residential notes, nationwide, at time of closing or shortly thereafter, and pay a high premium.Hi, I doubt you have time to get involved with note gurus, chain investors and bait tossed out to contact me on the side type stuff.....SOTry FCI, Notecity and if you search for "private loan servicing" you'll find loan servicers serving a national portfolio.