Ask your tax professional if you should file as a qualified joint venture or not.

I'm NOT giving up on the venture!!!

Hi Dylan,I used to wholesale for years and have recently started new investment ventures.

You can also partner up with someone else for different real estate ventures.  

Does anyone know or have a template for joint venture contracts specifically tailored to co-wholesaling?

If you were to buy in better areas than I do from wholesalers, auctions etc you can probably pick up a decent property in the 35k range and get all in for 50k, maybe 45k but I don't see any turnkeys companies finding a venture in this range to be profitable.

There is a cost to the setup and maintenance of the trust, but it would let you defer your gain until you find something you want to invest in and then the trust can actual invest in your new venture.

Although I have over the years invested in California, I am venturing out of state now as cash flow is my goal at this point.

Ok so lets be realistic, obviously new investors or amateurs aren't going to be able to get professional investors to give a majority profit on new ventures , but what is the best way to start a partnership percentage speaking?

But if you have cash, I would look at being the money partner and do some joint ventures with some experienced flippers or maybe even lending as a second mortgage holder.