Find a good competent attorney for advice.

This is an individual that is frequently called by attorneys who ask Rick for advice on a case.

The New Bureau of Real Estate and Its Enforcement, over 150 real estate licensees and real estate attorneys gathered on Monday to hear the new California Bureau of Real Estate (CalBRE) Commissioner speak about his current agenda.INDIVIDUALS PRACTICING REAL ESTATE WITHOUT A LICENSE MAY RECEIVE CRIMINAL CHARGESCommissioner Bell emphasized that his goal is to promote a fair, competent, and law-abiding real estate industry in California.

Ripple effect =(In the time towards the end of the flip is when the individual i found and my family parted ways.After all is said and done ( Close, RE Fees, Repairs, Taxes, Etc)..Total In $427,000 ishTotal Out $ 450,000 ishProfit $23,000Detailed spreadsheet to come.

However its feels good to be active and sharing ideas with like-minded individuals.  

You are competing against people with deep pockets that don't need double digit returns for this to be attractive to them.    

They might agree to some type of workout but they were looking for people who could perform.When an individual borrows on real estate property he signs a Note (which is basically a type of IOU) and a Deed to Secure Debt, or Mortgage (a collateral agreement which gives the lender the right to take the property if the borrower defaults on payment).

Although this partnership is a good fit on paper, I would highly recommend that one's partnership somewhat compliment your personal investing style.Sometimes, that polar opposite creates a good balance; but also it challenges.I am providing this post mostly to share my personal observations and also, because there are equally as many request seeking partnerships and funding.For those individuals, I submit that that partnerships with colleagues, family and friend inherently involved possible nuisances in operating style, priorities, and realistic timeframes on the amount and division on your net return of investment.In summary, think, plan and have those discussions prior to forming your partnership, funding etc...these are just my thoughts in hindsight.

remember hedge funds and the like  may target a 5 to 6 % return.. so pretty hard to compete with them

IMHO, the business lacks individuality and to be a top performer you'll need to more than copy another. 2).