Any individual, corporation, partnership, trust, joint venture, or other entity which sells, exchanges, or leases its own real property;What I don't see in the FL real estate brokerage code as an exemption is if a layperson can buy their own real property.

be joint venture partners.Anyone have LLC vs S-Corp comparisons?

A pipe didnt freeze , a 1/2 inch sweat joint came apart , I just spent the last 4 hours with a rug doctor sucking water out of the carpet , and now have 4 large blowers going .

However, it's pretty inexpensive (a friend and I are paying $19/mth jointly to be members) and they have an extensive library of educational materials.

I am gathering the lease is signed by all three together and I am thinking they are jointly responsible correct?

@Dewayne Gammel In the past few months we have had several threads going on Joint Ventures, Partnerships, etc.

There may have been no need to go through probating the estate, if the property was jointly owned (both the man and ex-wife having their names on the deed); in many places, there is the notion of joint ownership with rights of survivorship, so that the passing of the one co-owner leaves the property to the remaining co-owner(s).Now, the possibility that the ex-wife put other names on the deed complicates matters - they now have ownership interest.

I was going to focus on wholesaling, but right now I'm working the joint venture deal angle and looking for private money lenders.

It's a 3 bed/2.5 bath colonial with a pretty open layout (considering it was built in 1969) which would have to go one of 2 ways -1) HELOC it and do a total rehab then list and sell for top dollar, pay off HELOC and use proceeds to fund this "joint venture"2) Sell as is, which is def going to be 50 cents or less on the dollar compared sold comps in the neighborhood (anywhere from 300K to 500K) and use proceeds to fund this "join venture"---> I'd love to hear pros and cons to both of those points <---From an investor perspective - what is the best way I should approach this?

Or you could could have a separate joint venture agreement, that handles when he gets paid.