Fred, The way you have described your participation appears to be one of a Joint Venture where you and the rehabber are sharing in the risk.

., in a real property trade or business) if:1) more than one-half of the personal services you provided during the year were performed in a real property trade or business in which you materially participated; AND2) the number of hours in which you materially participated in this real property trade or business was more than 750 hours; AND3) you must materially participate in each rental real estate activity unless you filed an election to group all rental real estate activities as one (and materially participate in that activity).A "real property trade or business" means any real property development, redevelopment, construction, reconstruction, acquisition, conversion, or rental operation, management, leasing, or brokerage trade or business.Personal services performed as an employee are not treated as being performed in a real property trade or business unless you are a more than 5% owner of the trade or business.For joint return purposes, the eligibility requirements are considered met if either you or your spouse separately satisfy the requirements.

A huge percentage of deceased persons will have a resident spouse that will "inherit" as a joint tenant.

(only a few states have these), affidavits of death of a joint tenant (non-spousal) and sometimes quit claims right before death are some of the ways property gets inherited without a probate action.Happy researching!

Hi,I'm looking to connect and possibly joint venture with any B.C.

Also, plenty of properties bypass probate altogether by use if other transfer devices: joint tenancy and use of trusts, for example.Generally, executors and named in wills to execute the wishes of the decedent.

I am graduating from college in May 2013 and already own one house jointly with my parents.

We are under a joint venture agreement with a construction company that will build homes on these lots.

But if you speaking of partnering with another wholesaler where he has a killer deal and you bring a cash buyer the contract we use is J.V contract (Joint Venturing).

I would suggest either joint ventures or setting up a company with another partner and purchasing through that company.