My idea for a partnering agreement would look something like this:
1) Borrow private money to use a operating capital from a handful of investors with SD-IRAs. Their reward would be something like 7% and 2 points upfront like a hard money arrangement.
2) Find and acquire a few PERFORMING assets at using the loans above only borrowed when dollars are ready to be deployed.
3) Flip note at Par and keep the spread improved lifestyle today of sell front-end partial and keep to back end for wealth building
4) Document how to handle loan if it has early payoff or if Performing note becomes Non-Performing
5) Neither investor ( hard money or note buyer) has managerial control.
