I got this private message from kwilder, it felt alittle like spam since it was unasked for and had never had a conversation with him...

To utilize this strategy most effectively, use an entity, an LLC partnership is recommended for rental properties.If you are looking at projects requiring rehab, you can take private money loans at set interest rates (similar to a HML) use their funds to rehab the project, then refinance and cash them out.

The purpose of an LLC is to protect you and all your personal assets outside of the LLC in the event of an unfavorable monetary judgement against the LLC.I agree with the other posters that setting up an LLC can be simple and inexpensive.But would I be willing to "bet the farm" on my ability to do everything required exactly right to remain out of reach of litigious hyenas?

I am an asset manager for a private investment company in Charlotte, NC.

He better be a rich man (having taken money from many people) to return all funds and serve a prison sentence.Having said that, you carry a major responsibility in investing in a private company without securities (at that time).

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The price range was from $3K up to $25K over the list price of the REO, and all of them were privately owned so some easier negotiating on price would be likely.It's in a "transitioning" neighborhood so once you get outside of a 10 block radius you can find some real "beaters".

They were speculators betting the price of housing would continue to appreciate, and they would make money when they sold.

Does anyone know any private equity lenders that might look at this.

Case & Point: Pennsylvania (67 Counties) conducts three types of Delinquent Tax Sales: Upset Sales (not free and clear), Judicial Sales (Free and Clear), and Private Tax Sales (free and clear repository sales).