But you're not going to get people to give you 100% of the down payment and operating cash and let you retain, say, 50% ownership.And, syndication involve a non-trivial amount of legal work.

But if I wanted to use a friend's money, and that friend didn't get involved in the transaction details, the rehab, and all of the work, would I simply treat that person like a bank and pay them some interest?

I still help my father time to time as he is involved in the Windows/Glazing industry focusing on Residential and Commercial Storefronts.

Apparently not, and found out I needed to give myself a W-2, which involves payroll, which involves paying withholding qtrly, which I didn't know I was supposed to do (again, thinking I could do this at the end of the year).

Originally posted by Annette Sannuti:I'm trying to find out if there are companies who purchase residential notes, nationwide, at time of closing or shortly thereafter, and pay a high premium.Hi, I doubt you have time to get involved with note gurus, chain investors and bait tossed out to contact me on the side type stuff.....SOTry FCI, Notecity and if you search for "private loan servicing" you'll find loan servicers serving a national portfolio.

Let us know if you've got any questions; otherwise, please don't hesitate to get involved in the community and discussions happening.

I have thought about "carrying the note" (acting as a bank and offering a payment plan, etc.) to tenants of house 'B' but I am wondering if the above mentioned scenario involving house 'A' affects this idea?

Until then, it never occurred to me to get involved in something like this as my focus was elsewhere.I'm not really walking away, just stepping back for now because from talking to the neighbors who know him well, I have inside information that he is not going to sell.

If you get involved in reporting him, it will get even worse between the two of you, and will go downhill from there.

It would depend on how much of a headache it would be to handle things myself vs. having professionals involved.