Kind of like how dashcams protect the good cops as much as they protect the public.  

It is great that your Father is willing and able to help you get started with some private money, make sure you protect that with every ability available to you.

To successfully fund a construction deal you need the Portal to be in the market and have another set of controls that are not there with the other deals.So for Bryan to start his own portal to do his own ground up construction makes much more sense since he is in the market knows the market knows the process and can put the controls in that are necessary to protect an investor in those types of deals..

People are the same , whether - Jealous, Protective, Or ....I try to Live my Life with Minimal Regret !

I would recomend that you have a proper shareholders agreement drawn up for protection of each of the shareholders

The main reason to do that would be for state legal entity issues and liability protection that an LLC would give you that a corp would not.

You need the financial planner or the lawyer to discuss how you can use trusts (personal trusts and land trusts) and other estate planning tools to protect your wealth.How you use the equity is a personal choice, but one easy solution is to move it into a new house and then get a line of credit from the bank.

The only thing worse is LOSING money on that rehab from hell that you've dumped your life savings into and that has destroyed your tranquil sleep for the last 8 months.My point is this, PROTECT YOURSELF BY BEING CONSERVATIVE.

Usually the lein holder of the note will be there to bid what is owed against the note to protect themselves and in this real estate market it MAY be a more profitable route to let the bank foreclose, cure all other liens, and then negotiate with them without the risk of getting in a bidding war on a property that you usually can't walkthru to inspect prior to bidding.

Now the HML is an experienced investor and is assuredly going to protect his principal with plenty of equity in the deal, but the problem is that the wholesaler completely relies on the lenders judgment.