To ensure I don't keep properties long, I wanted to get in touch with wholesalers who are interested in joint venturing, as others may have investors I cannot/will not reach.

Hi BP community,I am looking to find some quality input on the idea of doing a joint venture with a contractor/investor.

If you think it's a solid opportunity, move forward with a full property inspection, and again, de-brief with your agent and firm up all associated repair costs before the inspection contingency expires...exit the deal if you need to, or stay the course.This is a joint effort lead entirely by your agent...very structured.

They will be able to discuss setting up a joint venture LLC while minimizing tax exposure for both of you. 

A divorce is bad enough legally but a girlfriend/boyfriend split with joint property and joint bills, etc, is something that would scare me.

Should we think about filing jointly now that we own a home? 

Hey Gordon,To be considered a first-time homebuyer, you cannot have any ownership interest (sole or joint) in a residential property for 3 years prior to purchasing the subject property.

Congrats on the savings. you have a few different options, but be aware, i know you think that girlfriends stay but I would never jointly invest with my boyfriend. 1.

Nonqualified Use.The gain exclusion from the sale of a principal residence ($500,000 for joint filers and $250,000 for single filers) is not available to taxpayers for periods of nonqualified use.

Your wife files joint return?