When I bought my land over in Lincoln, I did so with a good friend of mine. Since I was working in real estate and had my "eye on the ball," I found the property, did my homework, and then proposed the project to him.

In the end, he fronted the down payment and we skewed the monthly payments heavier on my side to make up for it. It worked out perfectly for us both. I was able to use my ownership of the land to get a construction loan to build my house and we subdivided the property into three lots and made back most of our money with the sale of one of them. It was all done "above board" with contracts and signatures. It's really the only way to fly.

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