You may also want to find a partner with money, with experience, with contacts etc.

And I and my LLC partner do personally guarantee the loans.

Right now without delay.One bad employee or partner can ruin a good business.And you can not afford to have any bad apples on your team especially when you're just starting out.For one, he is not on the same page.

I guess you could turn this into a good deal, maybe looking at the financial statement and seeing if the numbers are inflated (which happens often), maybe you can bring in a tax partner who wouldn't mind taking a short term loss.There are ways to make it work but this is a hard one to turn around and the upside doesn't seem that high for the risk but let me know what you think?

Recently I am not too happy with the way the investment is heading partners wise.

I met in in another area that closer to me that day but not at his listed office location.I am wondering besides filling with the District Attorney and keep paying my partner interest on the 12.5k that he lent me.

Any lower rate means more money for my partners and I.

Hey all, I have a perspective partner looking to invest $20k in the next few months, and is wanting to get into real estate.

Have been out to Tillamook dozens of times (former business partner has a house in Pacific City)

You can see if partners, like a contractor can carry off a job without going broke trying (no, you don't get their financials for a rehab, but through general conversation you'll find how strung out they may be, you'll get an idea of their overhead and you'll make a better informed decision).I taught the class many years ago, while much has changed, much remains the same.