We have just found our FIRST Passive Partial Investor!!!!!!He has very little note experience but can bring the funding to the deal & also has a SD Roth IRA. He prefers a 5 yr. partial so we are looking for a PN to accomplish this.
Depending upon the availability of PN’S to continue with the ‘partial” strategy which we would BOTH prefer we may have to look to NPL which he would fund & we would do the Mod, DIL, or FC as needed & strategy would then be to bring to re-performing & ? sell partial/seller finance to consumer?
We both have entities but expect that we would need to form an LLC/JV spelling out all responsibilities, income splits, separation procedure (if req.) etc. etc.
We have never done any of this so need much guidance to be both legal & compliant. All advice gratefully accepted!!
Hey Robyn Jackson,
Re. the 10/06/15 NPL call you offered to share info. re Ohio attorneys with whom you are familiar with us and we would very much appreciate any input that you can give us. We can be reached @ 888-422-9988 or stokehomes@gmail. com.! Look forward to hearing from you…….we are on West coast, Pacific time zone!! Thank-you.
Stu & Tina Johnson
