I think one good way you can contribute is here on bp. and maybe some people from you area will see your ideas and send you a colleague request and you can go from there.

I know it will be a long process with a ton of ups and downs, but I know if I work extremely hard I'll find great success.Thank you to all the BiggerPocket members who have contributed invaluable information to this website.

The key points you will want to get clear are (imho):1) Equity split - keep in mind that legally these percentages apply no matter how much extra equity is contributed to the project after you sign your docs.

So, you make a $45,000 contribution, and he, having borrowed the money from you will also make a $45,000 contribution.

I look foward to learning from and contributing too the forums.

While Detroit is in a dire situation and has been for a long time, lots of Rust Belt cities have loads of similar properties that don't contribute to property tax income.

I am looking forward to contributing my knowledge and experience to this site as well as learning for others.

Mixing the two positions can cause problems if you try to foreclose as a lender, just as in the case you cited, the borrower claimed they were partners, but in that case, the partner in default backed out and allowed the lending partner to continue, what if your partner takes a different position, that your loan was a contribution to the partnership and that the partnership was to prevail rather than you acting as a lender?

This is done by the OA as a contribution of capital made on a loan basis, there is only one member in Cell One, Lamar.BAF acquires a property an places title in Cell One, a property holding cell and has Cell A perform the rehab.

Thank you everyone for contributing to the BP forums - extremely helpful for us Aussies who are so far removed from local markets.