Awesome for investors, I do a ton of these with my local investor borrowers. 

Its essentially a question of is the $120K worth borrowing for $1000 per month if I plan to invest in properties?

@Samuel Lacroix, instead of getting them to be equity partners you can just borrow the money from them. 8-10% is a solid return for most people.

If you are going to basically borrow his money you want the most favorable terms possible.

You will need to have the borrower signSomething that gives you permission to negotiate with the second.

If you borrow money and screw up the deal, you still owe somebody some money. 

I couldn't secure a commercial loan hence borrowed in my name.

How many loans do you allow a borrower to hold?

I'm still confused about how you could use the loan and pay it off in a short amount of time when it is a lot of money that you'll  be borrowing?

The investor just lost his $25,000.The redemption price tag also includes taxes and insurance paid or owed by the current owner.If the borrower makes written demand for redemption, the current owner has 10 calendar days within which to reply in writing with an itemized redemption amount.