My business partner and I already set up an LLC and we are looking to start acquiring RE with two other individuals through a joint venture type setup. 

It all depends on your goals, the number of properties you want to acquire, and how you can build an efficient process that maximizes your working capital to achieve those goals.

Hi y'all, I am looking for advice on my next step regarding financing to acquire my next property.

For me I'd spend the $2,000 to save $80,000 + even if I only kept the acquired property for a few years. 

Perhaps I would buy properties for rehabbing, fixing and renting and using vetted construction crews to help other investors to fix the properties they have acquired.

You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

So, acquiring the property for a $2,100 cost with potential earnings of $2,900 is acceptable in your evaluation, provided there is sufficient financial backing to cushion any potential setbacks.Thank you, Frank! 

Stepping into a house and listening to the investor talk about what they did to acquire it and what their BRRRR or Flip plans are was the icing on the cake.Just my $0.02.

@Marisa Voelkel, Do you anticipate any issues acquiring loans for a new property under the new LLC structure?

A good lender will be able to use this.Andrew: my guess is you have acquired many Sub2 properties thru the years: what if we have a list of those "good lenders" : we should be able to steer their way our sellers that are in need to get a new loan when they decide to purchase a new car or house for any loan needs: does that make sense and if it does can anyone recommend those type of 2.0 level lenders