But if you made a loan, the borrower defaulted, and took back a house, then sold it at a profit, your intent may come into play.I don't think how often you're doing these comes into play.Pretty sure flipping options would be an active business.

I found myself using it (while stopped) when near houses just to get a feel for the local market or whatever part of town I am in.

Some things to consider are:- Do you have good credit and the ability to borrow from traditional lenders?

The borrower is slave to the lender.

Stop thinking 20-30% down and conventional financing.

After I signed up for a pro account the checks stopped bouncing.Welcome!

If so, how would you determine the amount/percentage of split for the "borrower"?

Also, if you are using the 70% rule you should stop now.

Depending on how good your credit is, you could get up to $35,000 in a week at a lower rate than 9%.Just keep in mind that you cannot use these loans as down payments because down payments cannot be borrowed.

Hopefully I'll be able to make it. 2 people from The Ring made it down to the last NOREIA meeting, if you have time stop by and check it out.