An investor that we have done plenty of work for knew that I wanted to get into the business and offered a joint venture where he finds and funds the deal and I take care of the rehab.

If the home was "Titled" in his name and wife as joint tenants, then no probate is needed. 

Don campbell real estate investing in Canada 2.0ThenDon Campbell 97 tips for Canadian real estate investorsThen81 financial tax tips for Canadian real estate investors by Campbell and DubeThenReal estate joint ventures - Russell westcottThen Legal tax accounting strategies - Cohen Dube Then Real estate retirement plan - Callum Ross I would recommend don’t buy anything until you’ve read the first 3 at least and don’t pay for any training until you’ve read them all (you’ll be able to spot the grifters better).

Marsay (aka the Property Pastor) has a pipeline of wholesalers and he scrutinizes each deal to meet our joint criteria.

Marsay (aka the Property Pastor) has a pipeline of wholesalers and he scrutinizes each deal to meet our joint criteria.

This buys you time to talk tenant demands over with "your boss" and make wise decisions, not knee-jerk ones.Self-manage as you'll learn valuable lessons that will help you greatly when you decide to hire a PMC.The only caveat is that you'll have to come to grips with the fact that even the best PMC in the world:1) Won't be perfect2) Will do things a bit differently than you3) Won't take care of your asset as well as you - but it's the only was to really grow your portfolio.

We will apply for the loan jointly as individuals and not with an LLC or formal partnership.OR would it be better if I put all the down payment and limit the partnership to using his income for the loan approval?

@Adam Hurst A joint-venture agreement could be used for long term while an LLC is created per acquisition with splits relative to the resource or effort on each property.

Afternoon all!I am about to close on the sale of my rental property, which I own with another party (50/50 ownership). I have managed the property and the relationship with the Property Management team for the past 10...

You can add her joint on your accounts.