To set this up and cover yourself correctly an attorney might eat up most of your anticipated profit with fees.Once you take the fees into consideration you wouldn't be getting 20% return even if it materializes.You could ask an attorney to co-participate in the upside and make no money on the front end but they might not go for that.

I have been working to become an investor while managing my commercial construction company, but I recently decided to use my crews to rehab homes for other investors. What do you guys think about this decision?

You could also ask, "Would you say yes if my dad cosigned?"

Disclaimer: I live in California, but the property will be bought under a Kentucky LLC.I've been told both ways that the loan should originate where the signer (myself) is, and also it should originate where the collateral is.

However since her name in on our current unit as a cosigner, if they refuse to count the rental income from the other three units, her DTI will be insufficient.

My old CO I used to think was crazy.

@Justin Gumola, there's a list of many of the local REIAs and meetups at https://www.biggerpockets.com/rei/michigan-real-estate-investment-clubs/I co-host the one @Mark Byrge mentioned, there's more info at https://www.facebook.com/events/1665882150335463/It's free, come on out when you can.

We are getting ready to buy three lots from our neighbor.  Lots #3 & 5 are vacant lots with Lot4 sandwiched in between.  Lot 4 has a cabin on it.  Here's the sticky part--  my husband and I want only lots 3 & ...

Sounds like one of our Colorado water issues with the shut down of irrigation wells.

@Teage StauntonHays Co. is already getting actively marketed to by investors who are moving out of Austin due to inflated prices but there are always deals to be found if your marketing connects with the right person at the right time in their life.