What you need to do is take the time to create the details of a deal that buys the building in a partnership or joint venture with you.

We're interested in networking with anyone who has advice for us, wholesalers, private lenders, and people who want to joint venture.

@Steven FileCreative Financing involvesAcquiring properties sub2, lease option, wrap, land contract, installment sale on free and clear propertiesGetting Private Lenders - learning about self directed IRAs, paying all cashGetting Joint Venture Partners from business owners, paying all cashCreating Joint Venture Partners with home sellers that are not wholesaling candidates - minor repairs - Give a note to home sellers, fix with private money, resell, pay off note in 4 monthsWholesaling to All Cash BuyersNone of these strategies requires personal credit or banks or personal guarantees.See http://www.biggerpockets.com/blogs/3-reiskills-and...Don't be a One Trick Pony, Be a Transaction Engineer :)

He owes 35+15 HELOCThat's 50Put 20 in on rehab thats 70ARV is 7565% of a ARV is the wholesaling model less costsThis is not a wholesaling deal.I wouldn't touch this even doing a joint venture with the seller where I use my money to fix it, sell the property, and take a JV fee of 10,000It costs 10 percent or 7 k to sell at least@jscott

Jonathan, I'm not sure this fits exactly what you are asking but I thought this might be helpful.Raising Money in an LLC or Joint Partnership-Securities LawFull disclosure--I'm a client of Mat's law firm but this article is on a public blog and meant for general consumption and is not specific to clients of their firm.There's a podcast that I've listened to on this subject (not BP Podcast), if I can find it I'll post it here too.  

We usually meet the third Tuesday of the month but with the holidays we are doing a joint Nov/Dec one (I have not booked it yet) and we meet off the Blue Line at Harlem@Christopher Leon also does a group in the burbs that I have heard good things about

They are also starting a, "just deals" meeting twice/month where people bring deals for sale and/or networking opportunities for things like like joint-ventures or partnerships in flips.Feel free to call me for further info (417) 50-4388

A real estate bird dog (deal scout or real estate jobber in some circles) is someone who gets paid a referral fee (based on a joint venture agreement with a real estate investor) to locate distressed property deals and prospects. 

If you set up a joint LLC, the operating agreement is where this goes.

When you hold title of the property, be sure to hold them as Tenants in Common, not Joint Tenants.