In concept what you want to do is a great Idea but many attorneys simply aren't aware of the SEC regulations required if it is not their primary area of practice. 50/50 is a typical split between and working partner and a money partner.

And I believe the concept of "intent" comes into play.

The Gift Letter concept from a bank perspective is to eliminate any potential senior interest in the real property.

(this is the same concept though not as extreme as venture capitalist work).

Very simple concept.

k, thanks Bill.I had a course years ago by a guy named Joe Kaiser that was called the Helping Hand where he would pay off the back pmts, go on deed, and then if the owner got behind again he got the house---but he would usually just sell it and share some of the proceeds with the hm owner.Interesting concept.

The concepts can be made to work, so the question becomes is the purchase of old ideas pretending to be new ideas really worth paying for, or can you discover those same ideas on your own with some diligent reading (like here on BP)?

But I would certainly be willing to give my inputs to help bring this to fruition.There were a number of people who thought this was a good concept, but not too many of them are stepping up with commitments to DO something ...

I have not quite wrapped my head around the refi/pull money out concept.

I understand the concept, but how does it work?