I'd like to do the same kind of partnership w/ someone but not quite sure how to find one. :-)

lol Was on the prowl for years, then finally pulled the trigger when prices bottomed out.

I just wanna collect as much information about the Southern California market as I can before I pull the trigger.

City code enforcement got wind of it and it triggered a huge code violation.

Could be different for 203k or a partnership but for HML that would be about the lowest you could start with and most want to see reserves more than that.Rehabbing is going to be tough without much money because not only do you need money to get into the deal (skin in the game) but you need money to front the rehab and keep it going.

When you partner with 'dis-qualified' parties it must be done from inception, and can never change percentages etc...I was under the impression that the 3 of us as a partnership can not lend to any of us outside of the SDIRAs.

I want to pull the trigger, but the round isn't chambered....

I have a house under contract for 138k. ARV is 240k. Rehab is 30k. I'm offering half of the net profit to an investor who can provide all the funding. Do you consider this to be a fair deal for both sides? I'm also a ...

Hey Shawn,when an escrow officer request a payoff in the form of a "frozen demand" to the holder of the HELOC, won't it tip off the bank that the house is being sold and it will trigger Due On Sale clause?

Today, shes still there with her daughters and she is happy as ever, in her eyes, its still her home and I have had maybe $300 in expenses since I bought it and it helped me get into buying other homes.Oddly enough I have acquired several other homes under unique scenarios like this one and it has all been triggered by talking and helping others with their financial situation.My greatest concern is that I don't want to be the guy who invests in the stock market for the first time, makes money on his first investment and then thinks he's an expert.