OfflineI have a chance to work with a new private lender who wants to do some JV and findings. He has friends and family in the industry but do not want them to know his business because they will start harassing him. Anyone ever dealt with this or have any suggestions so I can do some research before I talk to the attorney's and accountants.
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OPM is a great thing to have so don't let it get away. His friends will not know what he is doing unless he or you tell them. I have funded several deals with PM and it does take some work up front but after one or two it is on..
Not having a goal is worse than not setting one..
http://www.deangraziosi.com/real-estate-forums/investing-journals/92139/... -
http://www.deansmedia.com/play.php?vid=266
Sounds to me like an LLC with you as the manager might be in order. He could set up another e-mail address if needed if other people go through his e-mails.
What kind of research do you need to do? Properties, or on potential partner?
It sounds like the partner may dictate who is on your power team, where and when you can meet, etc. But then again, it will all depend on how involved your silent partner wants to be.
The more thorough the question, the more thorough the answer.
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Thanks.