They may all involve issues with the "due on sale clause" another thing to search for.They may also be seen as a financing conduit and subject to your State SAFE Act.

I try very hard to make the sales process an "auction" type process where folks keep an eye on my site and contact me when they see a home they want.

But you're not going to get people to give you 100% of the down payment and operating cash and let you retain, say, 50% ownership.And, syndication involve a non-trivial amount of legal work.

We're hoping to have a NW get-together soon, so keep an eye out for that.

But if I wanted to use a friend's money, and that friend didn't get involved in the transaction details, the rehab, and all of the work, would I simply treat that person like a bank and pay them some interest?

I still help my father time to time as he is involved in the Windows/Glazing industry focusing on Residential and Commercial Storefronts.

Apparently not, and found out I needed to give myself a W-2, which involves payroll, which involves paying withholding qtrly, which I didn't know I was supposed to do (again, thinking I could do this at the end of the year).

Originally posted by Annette Sannuti:I'm trying to find out if there are companies who purchase residential notes, nationwide, at time of closing or shortly thereafter, and pay a high premium.Hi, I doubt you have time to get involved with note gurus, chain investors and bait tossed out to contact me on the side type stuff.....SOTry FCI, Notecity and if you search for "private loan servicing" you'll find loan servicers serving a national portfolio.

Let us know if you've got any questions; otherwise, please don't hesitate to get involved in the community and discussions happening.

I have thought about "carrying the note" (acting as a bank and offering a payment plan, etc.) to tenants of house 'B' but I am wondering if the above mentioned scenario involving house 'A' affects this idea?