I'm sure you can get some expert legal advice on the con's of structuring a JV in the explanation you posted. 

Is there an explanation on "Following" here on BP? 

It provides a short, basic explanation of many of the concepts that you will need in your real estate career using easy to understand language, and once you understand those basics you can begin doing more in depth research on some of the topics.  

So I actually got a clear explanation from him this time.

@Jeff Copeland Thanks for the video, simple explanation of potential pitfalls.

I wrote a brief explanation of every paragraph and sub-paragraph, and an index, and I give a copy to my buyers and sellers.

I could offer a significant discount on rent to my tenants because this 35% is not really net income or profit but still an expense because of the sales tax.The argument of the state “making up for not collecting state tax” is not really a logical explanation because is not really true.

And Account Closed, I love that explanation. 

@Nicholas LohrThank you so much for the explanation and I can’t wait to have 14 units.

Hello Everybody!I am having trouble one on part of the BRRRR Method. In the buying process. Does the property have to be bought cash? And rehab as well? Or can I finance the property through an FHA, live in it, put so...