If you created a partnership or LLC for the properties that you own with a partner and put 50/50 ownership, and then you contributed the assets that you own solely in your name, you would effectively be giving your buddy a piece of the pie. 

Now let's say you had a conversation and you found someone that is willing to sell, I forgot to mention this but before you leave you need to have two pieces of information, #1 Why they are selling/What is their motivation #2 How much are they wanting/What's their range/ballpark.

Another piece of information for all is that the longer a HUD home is on the market, HUD will start to lower the price after about 45 days.

Closing before the contract closing day works well if its an abandoned property, but when homeowners are moving there are more pieces of the puzzle involved.

Hi Experts, Am looking to partner with 2 other friends and buy a piece of land , construct build custom house for each of our families .

They are a valuable piece of the puzzle.BTW is this property for your primary residence or an investment/rental?

There's one piece of the puzzle left. 

Where else are they going to defer capital gains and get a 5% return with their money secured by a 1st position lien on a piece of real estate that they have owned?

I piecing together my team on both side of the sale to make transactions at quick and smooth as possible.

And you or your prospective clients can actually buy all of those pieces if you like them.