There are some sites like fciexchange.com and some othersI haven't bought any note yet, but have a vision of buying only first mortgage notes to start with and only in judicial states with respect to LTVs and market value.

There are not many established contractor flippers in our market so it's interesting to me that you have one that needs capital for projects.

With a moment to reflect and the opportunity for some hindsight, I don't think I would call any one of my deals thus far a complete home run with respect to gaining immediate equity or monster cash flow.My first deal is probably the laggard of the bunch.  

They suggested 85 cents on the dollar.So, let's say they spend $100k on the building improvements (furniture, equipment not included).They want that to count as $85k toward the purchase of the building at that future improved value.So future value could be established as 420k + 100k = $520k.50% ownership would cost $260k, minus their credit of $85k = They would contribute $175k cash to obtain 50%.Is 85% credit the right number? 

I respect the fact that a tenant needs to be able to lock their door, but this seems like one step away from changing a light bulb. 

Be nice and respectful.

I will try to give some respectful inquiry as to what might be done on the sellers part to paint a better picture.

With this issue, it may just be a matter of estimating the tax and ensuring to set money aside in the property bank account.With respect to your federal tax return, is it possible to issue each partner a 1099 rental profit/lose form for filing purposes based on each individuals percentage? 

However we often talk to occupants and offer cash for keys.Even when we are evicting people we try to be respectful and keep them aware of the process and the timeline.

Joe Fairless has quickly scaled to $100M+ in assets under management and has utilized unique methods to establish credibility and raise several millions from investors for his apartment syndications.