Definitely NOT tear down material if you ask me.And then there are those homes in Richfield MN that seem to sit on 10.000 sq foot lots.

With friends and family we can be flexible and usually its better to earn something on the cash which is just sitting there.You can make the deed of trust in lender's name and in any scenario you default on the loan, he would would have a tangible asset which he can use. 

I'm here to learn all I can and hopefully develop a stream of cash flow to allow me sit on a boat  somewhere rather then at work all day .

Would you all mind if a newbie potentially sits in for the learning experience? 

@Daniella Ortiz My main suggestion is sit to discuss clearly what you and him want from this business relationship and what will be the responsibilities of both.

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I am way to ADD to sit at a desk from 9-5.I am recently married, own my home, and have a large amount of debt!

Too much of my reserves to be sitting in a property and that means I can't buy more deals until I build that amount back up again.I'm surprised you're able to do the same thing with multifamily.

Yeah whatever on the REI side, but we need to sit down and work out our signals for Euchre. 

@Darren AndersonI will be leading the " Getting Started Right " early bird meeting that will start at 6pm at the next REIG so hope you can come and sit in.