Maybe tough to convince a bank to back you the first time, so it might help to have an experienced partner.

I do equity splits with a partner usually, and I find the buyer and advertise, and they handle the bank and paperwork.

I'm a beginning investor and i see the power of using private funds but i just don't know the proper and legal way of doing this.now i know about talking to people you know, other investors, and marketing to other high net worth individuals, which all of this i would consider the first step in the process.the second step i'm guessing some will say is working out the agreement/financial details with the your private lenders once they say they want to invest (which i plan on doing all this in step one, letting them know they're either going to invest as a lender or has a partner and this is what they'll get in either scenario)but my questions are:1. when do i have to worry about the SEC?

Found Two houses my partner and I like.

My business partner is attending another on tuesday, Ill have her ask these questions.

You may want to consider a mentor who is experienced in commercial multi-units or even a partner who can share knowledge and experience to close the deal.

I am familure with the process and was following the preforeclosures close till about six months ago when one of my partners moved back to Chicago.

Or if I worked with the buyer as an equity partner?

A lender runs the numbers and realize the investment is solid and they will provide 70% of the purchase price.Now you run inspections, appraisals, legal fees, environmental reports....etc...etc and incur 100k in costs in due diligence.You still need to tie up an equity partner/investor for the remaining 30%.Would you be asking the investors for 300k (the 30% on the $1M purchase) or would you want to ask the investors to cover the 30% + the "load" 100k?

Get a partner that has cash but no time.3.