You then tell them that you will turn the file over to your 'partner' who will follow up and work on a short sale.I and a few other investors I know avoid short sales as they can be a large drain on one's time.

Under IRS code Subchapter K of Chapter 1 § 721(a) - No gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnership.Originally posted by "REI":You need to check with the local recorders office, title company or attorney depending on how you are going to handle the paperwork.

Do you just say to the seller that the investor is your partner and needs to come see the house?

It is now time for me to branch out further and get involved in investing on a larger scale versus partnering on small single family rehabs/flips.I joined "biggerpockets" in order to further hone my skills and education and to network with others in this market.

Or you can find a partner.

There are 3 partners in this group.

Just let them know that you send a 100 of offers a day and it would be a waste of paper and time to fill out a complete purchase agreement..Now if there client agrees to the LOI then by all means send in a purchase agreement..Make sure it says and or assigns behind your name and in the addendum make sure you have your clauses " Outs" like Subject to partners approval, Subject to property title search.

Have you or some partner already bought the place from the prior seller?

You can never tell when one of them will end up being an investment partner in the future.

Once you've contributed with 10 posts, feel free to ask for leads, partners, etc in the appropriate forum areas.Would you mind sharing with the group how one can be an appraiser for the entire nation?