I will be responsible for securing the debt, finding the contractor, performing the work and getting the units rent ready as fast as humanly possible.That being said, I just want each of us to make an equal investment, receive equal cash flow, capture equal equity at exit and maybe add an equity sweetner at the end for the other partners who are teaming up with me for the first time. 

I invested a lot of money and I was so consumed with tenants, contractors, lawyers, agents, etc. that I never factored in my daily wellbeing.

Then you take 50k of your own money to get the property back on track with the bank, pay them out some of their equity so that they can move on, get the property ready for a new tenant buyer, keep the existing mortgage in place, and then you get a new tenant buyer into the property who puts in 25k as a down payment in the case of seller financing or as an option deposit in the case it is a lease option?

HML facilities are pretty cut and dry.but the borrowing against our notes was when I was in the Land and Timber business.. we would log a track  sell it to a home owner on contract but it would take a year or two for them to go through planning get their house designed etc.. and then when construction loan was ready we would get taken out.Generally when we did these the logs paid for the dirt so we owned the property free and clear and would sell the parcels for 150 to 300k ( our profit)  but could not run our machine collecting 2k a month in a payment so we would borrow 50% against them at our bank still positive cash flow and had the money to buy another timber track.. as these were generally all cash purchases..I suppose those that do the brrr with owner financing could run the same model.. ???

Go to the NMLS consumer portal and look his name up and see what you find.

Greetings, I am new to REI  but have been saving for years and i am finally ready to brave my first deal in the next month.  

Get ready!

Hi I am new to real estate investing but am ready for my first deal!

Chasing references can be time consuming, so if the credit history does not meet muster, we save ourselves time.

I’m just doing a BRRRR on tri plex, had to pay cash for the building and rehab.Then when it’s appraisal ready should get 70% loan to ARV Or all the cost, whichever is lower.