Just because you are approached on some deal and you think it's an opportunity isn't enough, you need the resources and knowledge to take charge.See an attorney who has put small partnerships for manufacturing ventures together.

I've been informed that this will trigger a taxable event and result in duplicate fees on a County, State and Administrative basis.

Many try to subsitute collateral but that is another issue as the quality of the other loan can always be questioned by an investor and can trigger a basis for a demand for payment, the return of the investment.What happens if you have a group willing to invest, you make the committments to purchase or lend and one member backs out, can they cover cold feet at the last minute?

Join a partnership on the management side, use a note as your at risk money collateralized by others assets.

Thomas DeMoss, it sounds like your LLC is being taxed as a partnership and not a corporation.

This is typically done with a partnership or a C corp; This is to avoid SE tax on the interest or to take income from a business without being subject to the dividend rules of an Corp.

Bill & Bryan,As mentioned previously, I'm extremely interested in entering some sort of partnership or mentorship for anyone interested...40 hours or 80 hours...I'm ready to go.

If the loan program has a CLTV restriction and by putting the Seller's lien on post close you exceed that CLTV, the loan is defective and could trigger acceleration.

So you personally only being there on the weekends is what seems to trigger them wanting to treat the home as a second home instead of a primary.

I feel like I have learned quite a bit in the past few weeks but there's still a lot more to learn.My short term goal I would definitely like to find someone local I could work with on developing a partnership and progressing in real estate.