My understanding is that excess business loss limits in 2022 are $270k for single filers and $540k for married filing jointly.

You can find templates for joint venture agreements on BiggerPockets or other real estate investment websites.Next, consider joining local real estate meetups or online groups where you can network with other investors.

Based on your assumption that you and your spouse file jointly, I agree with the others in the comments.

I started wholesaling and learned people like to work with verbal communications and no one had an interest to want to put any type of co wholesale of joint venture agreement together.

@Joseph FennerTo acquire 167 rentals, use creative financing strategies like the BRRRR Method, seller financing, partnerships, joint ventures, HELOC/Equity Loans, portfolio loans, credit cards, and business credit lines.

The real estate investor has advertised on this site, and continues to advertise joint ventures and private money deals in multiple states.

Joint Filing Considerations.If you are married and file a joint tax return, either spouse can qualify as a real estate professional.

Purchase price: $550,000 Cash invested: $1,000 Sale price: $565,000 Joint ventured with another wholesaler in Northern Utah to get this deal done.

So if he is ownership, then he needs to be on.What you probably should have done is created your own LLC and have a joint venture agreement for each property/project.

Establish a Joint Ownership Entity: You could form an LLC or partnership for future purchases.