So time finally allowed me to go.While talking with people, a seasoned investor gave me a proposal after telling him a little about my ventures in Real Estate and my current holdings.Ironically his proposal was the exact partnership I had planned in pursuing.

I was going to propose 10% interest and 7 points, which, if my math is correct = $51,000 profit for the private lender.

You will often see ads for “seeking JV partners†on the net, which seem to try to get around the issues described some because they would not be relying SOLELY on you for the profits in the proposed enterprise.

What do you propose?

Yellowstone’s Chapter 11 case has turned the upscale resort, which The New York Times’s Kirk Johnson described in November as an “exemplar of exclusivity,†into a battleground over which creditors get first dibs on its assets.The Deal’s Dealscape blog draws a parallel between Credit Suisse’s demotion in the creditor pecking order — what is known in legal terms as equitable subordination — and Chrysler’s proposed reorganization.

That's great as long as one of them knows the full implications of what you're proposing and it's ok with the banks.

Show them the average sold prices of REO comparables less comissions, less carrying costs, less foreclosure costs, then put their expected REO net side by side with the proposed short sale net.Good luck!

@Taylor GreenI am glad you are enjoying the reading list.The structure you propose is interesting.

However; for the model you're proposing, it has to be a smoking deal!

It was still valid but was going to expire like 2 days before the proposed closing date so they didn't accept it.