I'm not quite sure on the exact procedural details (as far as the contracts and paperwork would go), but I've been browsing around the site, and I'm sure I'll keep running into good information.I'm really looking for any potential partners or mentors in Gainesville that could help me develop in this aspect.

Your partner deferring payment until the prop sells is perfectly fine and makes sense to mitigate the risk of running out of money (which would necessitate borrowing from a party that is not disqualified, or selling project "as is", likely at a loss).If you had personal cash, you could also partner with your IRA on the front end of the deal (take title in both names), at a predefined % split.Be aware that flipping profits in IRA accounts are potentially subject to the stiff UBIT tax, based on "intent" to flip, which would be determined by the facts of a given case, as well as pattern of activity.

I am currently a Realtor/property manager, one of my clients whose properties I managed and sold 1 of his flips, wants to go into business.

His credit is not strong enough to get a loan, however my credit is. The ba...

Get a very experience partner with a successful history of doing what your goals are.

I'm a realtor in Bronx, NY who with a few partners bought our first rental property in Stroudsburg, PA.

I had my partner call him up and offer higher....we closed the deal in a week!

We've got a very limited time frame with which to make progress, but I hope you see how serious we are by just investing the money/time to go over there.Are there any experienced investors, particularly in wholesaling, that would be interested in chatting briefly over coffee or lunch and lining up another future investment partner?

I know one clause contains "contract is contingent upon buyers and/or partner approval"; are there any other clauses I can use before having it review by an attorney?

I bought in the Phoenix market in 2010, so I have some good equity (about 50K, based on a BPO) in my home and I want to draw it out to partner with someone to flip a property.

This actually happens frequently but the opportunity will be proportional to the amount of experience you have (i.e. how many properties you’ve flipped) and how long you’ve been doing this (i.e. how many contacts you’ve developed over the years).Lightening could always strike, but the chances that any experienced lender will loan 100% of the purchase and rehab to someone who’s never done this before are pretty much zero.If you happened to find a really killer deal, it would be easier and safer for you to find an experienced money partner.