This will only work for friends and family who trust that you aren't going to bail on them.For non friends and family investors you can go through the LLC route, although after trying this a few times, I will never do it again.The other route is to offer a private placement.

I'm both a listing agent at times (for private sellers NOT REO's) and I've bid on REO's as well as purchased them.

The down comes from private financing or from personal funds.

You will meet several Private money lenders here.

;) http://100fstreet.com/index.php/2012/04/the-jobs-act-in-a-nutshell-part-iii-general-solicitation-and-private-offering-platforms/Can my friend lend me money to buy or build a house or would that be violating some law?

They use the dealer retail price as their value, so if you buy a car from a private seller, you should automatically be below the 75% figure.

Merrimack Valley Holdings LLCMerrimack Property Group LLCId do the group to get Private Lenders.Just MHO.

Don't be afraid to make colleague requests or send private messages.

Also a Quiet Title suit must be done to remove any mtg.s and private judgements.

Jim Holmes Someone correct me if I am wrong but with the equity in a 51 unit building couldn't you get commercial/private notes to cover the new building or use seller financing?