At the city council meeting last night, there was a lot of talk about the Bert Harris Act/Private Property Rights Protection Act, and the number of lawsuits that would follow in the wake of this ordinance if it passes.

On the new one the 'private money partner' brough ALL the down payment (20%), my other partners and I will do ALL the work, and we will split short and long term profits 50-50.

But I think I might try to convince Facebook that I'm a doctor in private practice; maybe there they will assume an IQ of 90 or 100 and hand out level 9 or 10 information as the "free teaser," stuff that even lawyers would have to pay for.BTW writing things like "That paragraph isn't useful or interesting, the following is..." is the sort of tagline from one of the free lawyer webinars, but that you will not find in free lender webinars. 

I would of course recommend trying to get to the root of it and conquering it, but if it's not something you forsee yourself doing in the near future then doing  syndication/private money lending might be your best fit.  

What are typical terms for private money investors? 

I'm thinking of using private or hard money to purchase.

How do I become a private lender?

The short story...is it impossible to find private or hard money loans owner occupied in NY state?

Your partner would qualify for a private money line of credit,  They require some experience. 

Hey Adam, if you have a good job, plan to keep it and aren't particularly interested in swinging a hammer... sounds like syndication / private lending may be a good option to get some passive income.