In a sense, you'll be business partners with him for the duration of the loan.

When you are investing with a partner, I like the idea of using an LLC (because the default in that situation is a "general partnership" which has massive liability issues). 

I'm finding a lot of people interested in holding private mortgages and even more people interested in becoming equity partners on some discount note deals.

- if yes, then transfer the deed), and tell them that you will "TRY" to stop it from going into foreclosure, etc.Essentially have them either sign over a quit claim deed (make sure both husband & wife, or partner is there), or the best way to CYA is to have a deed put in escrow with your attorney if you are not familiar with table top closings.Now you have a deed so you have control of the property, and then you go and try to find your lease option buyer... then if you cant, just tear up the deed and move on.

It is funny how many people woud partner on a deal 50/50 split with a money partner, But won't consider a hard money lender.

Eventually, with the nod of the owners of the firm, I partnered up and ran a small operation at the Chicago Mercantile Exchange.

Farming does require a large time and energy investment on the part of whoever does it, but this can either be you or it can be someone you hire on a wage or commission basis or someone you partner up with.

I have a business partner that just recently gave up his position as one of Richard's coaches.

I just read a thread in the Make Deals, Find Partners, Mentors & BirdDogs, etc. forum that was posted by a Mr.

Hold yourself accoutable, but why not have an accountability partner or team.